The Stablecoin Ordinance will take effect on August 1, marking a pivotal moment for Hong Kong’s digital asset ecosystem. Following Ant International (affiliated with Alibaba, 9988) as the first major player to express interest in applying for a stablecoin issuer license, Domain Tower Logistics Technology — listed on Nasdaq last year — has now announced its intent to secure a Hong Kong dollar stablecoin license and introduce its proprietary stablecoin, "RHKD".
Company Background and Strategic Vision
Founded in 2015, Domain Tower Logistics Technology specializes in integrated logistics solutions, combining real estate, logistics operations, and innovative technology. Its core services include:
- Asset management and advisory
- Construction management and engineering design
The company revealed a $1.5 billion Bitcoin acquisition plan** (approximately **HK$11.7 billion), funded through its ordinary shares. As part of its Bitcoin reserve strategy, Domain Tower plans to issue "RBTC", a digital token pegged 1:1 to Bitcoin and backed by 100% Bitcoin reserves.
Key Features of "RHKD" and "RBTC"
1. RHKD Stablecoin
- Pegged to the Hong Kong dollar (HKD)
- Designed for seamless integration into smart logistics payments
2. RBTC Utility Token
- Convertibility: Users can exchange HKD/USD for RBTC.
Application: Discounted payments for smart warehouse services, including:
- Storage rentals
- Value-added services
- WaaS (Warehouse-as-a-Service)
- Goal: Enhance digital payment transparency and drive smart logistics innovation.
Market Impact and Future Plans
Domain Tower’s initiative aligns with Hong Kong’s push to become a global virtual asset hub. By bridging traditional logistics with blockchain technology, the company aims to:
- Streamline cross-border payments
- Reduce transaction costs
- Foster trustless financial ecosystems
👉 Explore how stablecoins are transforming logistics
FAQs
Q: How is RHKD different from other stablecoins?
A: RHKD focuses specifically on logistics-sector utility, offering tailored discounts for Domain Tower’s warehouse services.
Q: What safeguards ensure RBTC’s 1:1 Bitcoin peg?
A: Independent audits will verify full Bitcoin reserves, ensuring redeemability.
Q: Can non-corporate users access RBTC?
A: Yes — individuals and SMEs can use RBTC for warehouse-related payments.
Q: When will RHKD launch?
A: Pending regulatory approval, post-August 1.
Q: Will Domain Tower expand beyond Hong Kong?
A: The company is evaluating Singapore and UAE markets for future rollouts.
👉 Learn more about Bitcoin-backed tokens
Note: Commercial hyperlinks unrelated to Domain Tower’s official announcements have been removed per guidelines.
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