Duodian Digital completed HK$393 million allocated, 50% of the funds were used for stablecoins and blockchain research and development

According to Foresight News, according to the announcement of the Hong Kong Stock Exchange, Duodian Digital Intelligence Co., Ltd. announced that it has completed a HK$393 million allotment, and 50% of the net proceeds will be used for the research and development investment and technological progress of stablecoins and blockchain, that is, all will be used to pay the employee costs of the company's blockchain experts to develop and maintain relevant systems and interfaces related to the development of new business (including various systems in the fields of transactions, reserve management, settlement, clearing, compliance and issuance). These funds are expected to be used before the end of 2026.

The main source of revenue for this potential new business is investment income from stablecoins. The company plans to invest in low-risk assets permitted by law through the fiat currency issued by the stablecoin to obtain a return on investment. In addition, the company expects to generate revenue through transaction fees, the provision of technical services, and potential authorization of blockchain payment infrastructure.

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