Hong Kong-listed DL Holdings Group has secured approximately $83 million (HK$653.3 million) through a share placement to fund blockchain initiatives, despite triggering an 8.4% stock price drop due to dilution concerns. The capital raise represents roughly 13.6% of existing shares, with shares priced at HK$2.95 each through placement agents.
Fund allocation targets multiple blockchain sectors: 30% for real-world asset (RWA) tokenization, 15% for Bitcoin mining operations and reserves, 8% for digital assets and stablecoin development, and 7% for acquiring cryptocurrency trading licenses in Hong Kong. Remaining funds will support IT infrastructure, ETF development, U.S. real estate investments, and working capital.
Chairman Andy Chen emphasized the transformative potential of these initiatives: "RWA and stablecoins are not just technological innovations but a transformative shift toward financial inclusivity... DL doesn’t ride trends; it pioneers them." The move occurs during a robust crypto fundraising quarter, with Q2 2025 seeing $10.03 billion raised industry-wide—the highest since Q1 2022—including Strive Funds' $750 million Bitcoin-focused raise.
