The global stablecoin landscape is gaining momentum, and a new player is preparing to enter the ring. Dmall Smart, a Hong Kong-listed retail technology company with a market capitalization exceeding HK$10 billion, is reportedly planning to apply for a stablecoin license in Hong Kong—sparking investor excitement and sending its stock soaring nearly 90% intraday on July 3.
Though the surge moderated to a 32.74% gain by midday, the market’s enthusiastic response underscores growing confidence in the convergence of traditional retail infrastructure and blockchain-based financial innovation. This strategic pivot could position Dmall Smart at the forefront of Web3 adoption in Asia’s rapidly evolving digital economy.
Strategic Move into Digital Assets Confirmed
In an exclusive confirmation to financial media, Dmall Smart verified ongoing preparations to secure regulatory approval for stablecoin issuance in Hong Kong. The company views this initiative as a natural extension of its long-term vision for financial and technological integration.
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According to Tom Tang, Vice President and CFO of Dmall Smart, “We have maintained a bullish outlook on the cryptocurrency space for some time. We’ve already allocated resources to Bitcoin investments and are actively recruiting Web3 talent to drive our strategic transformation.”
Tang emphasized that stablecoins offer tangible business advantages: “They can significantly enhance cross-border payment efficiency for our retail clients, reduce transaction costs, and improve overall consumer experience—aligning perfectly with the rising global adoption of crypto in commerce.”
Bridging Retail Tech and Blockchain Infrastructure
Founded in February 2015, Dmall Smart operates as an investment holding company primarily engaged in delivering digital transformation solutions to the retail sector. Its core offerings include the Dmall OS operating system and AIoT (Artificial Intelligence of Things) platforms, both designed to streamline supply chains, optimize inventory management, and personalize customer engagement.
Despite reporting a net loss of approximately RMB 2.195 billion for the previous fiscal year—an increase of about 238.7% year-on-year—the company demonstrated strong top-line growth. Revenue from continuing operations reached RMB 1.859 billion (up 17.3%), while gross profit climbed to RMB 746 million (a 34.6% increase), signaling improving operational efficiency amid broader industry challenges.
AI Integration Fuels Next-Gen Retail Innovation
As artificial intelligence reshapes industries worldwide, Dmall Smart has positioned generative AI (Gen AI) at the heart of its innovation strategy. The company is exploring synergies between AI agents and robotics within real-world retail environments, launching proprietary AI Agent products tailored for specific retail use cases.
Its latest platform iteration, Dmall Solution 3.0, integrates advanced AI capabilities to automate pricing, forecasting, marketing personalization, and customer service functions. In a recent New Year message titled “Chasing Dreams, Walking with AI,” President Zhang Feng revealed that the company has already achieved commercial-scale deployment of AI-driven services, generating revenue in the hundreds of millions of yuan.
This foundation in AI and data analytics provides a robust framework for entering decentralized finance (DeFi). By leveraging existing client relationships and transaction data, Dmall Smart could design a stablecoin optimized for retail payments, loyalty rewards, or supply chain settlements—creating a closed-loop ecosystem where digital currency enhances both user experience and business efficiency.
Why Stablecoins Matter in Modern Commerce
Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—are increasingly seen as critical infrastructure for the future of digital finance. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins offer price stability while retaining the benefits of blockchain technology: fast settlement, low fees, and borderless transactions.
For a company like Dmall Smart, whose clients span multiple markets across Asia, integrating stablecoins into its payment rails could eliminate currency conversion delays, reduce reliance on traditional banking systems, and enable real-time reconciliation across international operations.
Industry analysts agree on the long-term potential. A report by CITIC Securities notes that stablecoins serve as a bridge between digital assets and real-world economies, with expanding applications expected across remittances, e-commerce, and enterprise finance. As regulatory clarity improves—especially in forward-thinking jurisdictions like Hong Kong—the path toward compliant issuance is becoming clearer than ever.
Hong Kong’s Rise as a Virtual Asset Hub
Hong Kong continues to solidify its status as a leading international virtual asset hub, with digital asset-related activities reaching HK$112 billion in value last year. According to research firm Zhongyan PuHua, this figure is projected to exceed HK$150 billion by 2025, growing at a compound annual rate of over 35%.
Recent regulatory milestones underscore this trajectory. On June 25, Guotai Junan International (01788.HK) announced it had upgraded its license with the Securities and Futures Commission (SFC) to offer virtual asset trading services—including stablecoins—directly on its platform. The news triggered a staggering 198.39% spike in its share price, highlighting investor appetite for regulated crypto exposure.
Dmall Smart’s potential entry into stablecoin issuance aligns with this macro trend, positioning it not just as a tech provider but as a future participant in the financial layer underpinning digital commerce.
Frequently Asked Questions
Q: What is a stablecoin?
A: A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as the U.S. dollar or other fiat currencies. It combines the speed and accessibility of blockchain with minimal price volatility.
Q: Why would a retail tech company issue a stablecoin?
A: Issuing a stablecoin allows companies to streamline cross-border payments, reduce transaction costs, improve settlement times, and create new monetization opportunities through embedded financial services.
Q: Is Dmall Smart’s stablecoin already live?
A: No. The company is currently preparing to apply for a regulatory license in Hong Kong. There is no confirmed timeline for launch yet.
Q: How does AI relate to Dmall Smart’s blockchain strategy?
A: AI powers personalized customer experiences and operational automation. When combined with blockchain and stablecoins, it enables intelligent, self-executing financial workflows—such as dynamic loyalty payouts or automated supplier payments.
Q: Could Dmall Smart’s stablecoin be used globally?
A: If issued under Hong Kong regulations and compliant with international standards, it could be adopted across multiple markets—particularly in regions with strong trade ties to Asia.
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Building Toward an Integrated Digital Ecosystem
Dmall Smart’s exploration of stablecoin issuance isn’t just about launching another digital token—it represents a broader ambition to build an integrated digital ecosystem where retail operations, artificial intelligence, and decentralized finance converge.
By combining its established presence in retail digitization with emerging blockchain capabilities, the company may unlock new revenue streams beyond software licensing and consulting services. Potential use cases include:
- Tokenized loyalty programs redeemable across partner networks
- Instant cross-border payouts for international suppliers
- Embedded micro-financing using stablecoin-denominated credit lines
- Real-time royalty distributions via smart contracts
Such innovations could redefine how value flows through retail supply chains—making transactions faster, more transparent, and more efficient.
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Final Thoughts
While still in early stages, Dmall Smart’s move into the stablecoin arena reflects a growing trend: traditional enterprises recognizing the strategic importance of digital assets. Backed by AI advancements, a scalable retail platform, and alignment with Hong Kong’s pro-innovation regulatory environment, the company is well-positioned to become a key player in the next phase of fintech evolution.
As global adoption accelerates and use cases expand beyond speculation into practical utility, companies that integrate crypto-native tools like stablecoins will likely gain competitive advantages in speed, cost-efficiency, and customer engagement.
For investors and industry watchers alike, Dmall Smart’s journey offers a compelling case study in how legacy tech firms can transform themselves into agile, future-ready organizations at the intersection of AI, blockchain, and commerce.
Core Keywords: stablecoin, Dmall Smart, retail technology, AI in retail, Hong Kong virtual asset hub, blockchain in commerce, Gen AI, Web3 strategy