v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of fair value hierarchy
The following table sets forth the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy as shown in the following table.

As of December 31, 2024
Level 1Level 2Level 3Balance at fair value
HK$HK$HK$HK$
Assets
Investment at fair value - Foreign exchange investment343,862 - - 343,862 
(Amounts expressed in HK$)As of December 31, 2025
Level 1Level 2Level 3Balance at fair value
HK$HK$HK$HK$
Assets
Stable coins254,646,365 - - 254,646,365 
Digital assets3,408,761,206 - - 3,408,761,206 
Digital assets - restricted140,283,000 - - 140,283,000 
Total assets measured at fair value 3,803,690,571 - - 3,803,690,571 
Liabilities
Derivative liabilities - 6,637,020 - 6,637,020 
Total liabilities measured at fair value - 6,637,020 - 6,637,020 
(Amounts expressed in US$)As of December 31, 2025
Level 1Level 2Level 3Balance at fair value
US$US$US$US$
Assets
Stable coins32,717,018 - - 32,717,018 
Digital assets437,958,347 - - 437,958,347 
Digital assets - restricted18,023,589 - - 18,023,589 
Total assets measured at fair value488,698,954 - - 488,698,954 
Liabilities
Derivative liabilities- 852,726 - 852,726 
Total liabilities measured at fair value- 852,726 - 852,726 
Schedule of property and equipment
Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation is provided for on a straight-line basis over the estimated useful lives of the related assets as follows:
Computer equipment2 years
Furniture and fixture3 years
Office equipment3 years
Leasehold improvements
Shorter of 5 years or the remaining lease term
Property and equipment, stated at cost less accumulated depreciation, consisted of the following as of December 31:
202420252025
HK$ HK$ US$
Computer equipment2,560,271 2,638,812 339,035 
Furniture and fixture590,217 598,917 76,949 
Office equipment90,057 96,992 12,462 
Leasehold improvements652,073 - - 
Less: accumulated depreciation(3,489,511)(3,047,996)(391,608)
Net book value403,107 286,725 36,838 
Schedule of intangible assets
The estimated useful lives of intangible assets are as follows:
Internally developed software3 years
Software3 years
Intangible assets, stated at cost less accumulated amortization, consisted of the following as of December 31:
202420252025
HK$ HK$ US$
Software223,381 227,080 29,175 
Domain Name- 62,086 7,977 
Internally developed software70,655,285 72,911,336 9,367,664 
Less: accumulated amortization(52,091,503)(58,904,560)(7,568,071)
Less: impairment loss- (14,242,561)(1,829,887)
18,787,163 53,381 6,858 
Disaggregation of revenue
The following table presents disaggregated information of revenues by business lines for the years ended December 31, 2023, 2024 and 2025, respectively:
For the years ended December 31,
2023202420252025
HK$HK$HK$US$
Initial set up, installation and customization services8,973,079 2,700,199 4,186,588 537,894 
Subscriptions11,445,019 11,419,059 15,166,630 1,948,612 
Hosting, support and maintenance services4,338,184 4,893,759 5,079,073 652,560 
Liquidity services2,626,516 1,902,895 1,405,762 180,613 
White label services2,122,198 3,018,561 4,887,035 627,887 
Quotes/news/package subscription services2,456,181 2,150,845 3,098,088 398,043 
Total revenue31,961,177 26,085,318 33,823,176 4,345,609 
Revenue disaggregated by timing of revenue recognition for 2023, 2024 and 2025 is disclosed in the table below:
For the years ended December 31,
2023202420252025
HK$HK$HK$US$
Point in time2,626,516 1,902,895 1,405,762 180,613 
Over time29,334,661 24,182,423 32,417,414 4,164,996 
Total revenue31,961,177 26,085,318 33,823,176 4,345,609