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Hong Kong Fintech Firm RD Technologies Secures $40M Ahead of Stablecoin Regulation Launch
Funding Round Highlights
Hong Kong-based RD Technologies has completed a $40 million Series A2 funding round ahead of the city's new stablecoin licensing framework taking effect August 1. The investment was co-led by ZA Global, China Harbour, Bright Venture, and Hivemind Capital, with participation from HSG, Eternal Digital, and Guotai Junan International.
Key Developments
1. HKDR Stablecoin Development
- RD is creating HKDR, a 1:1 Hong Kong dollar-backed stablecoin
- Currently testing in the HKMA’s regulatory sandbox
2. Strategic Partnership
- Teamed with ZA Bank (virtual bank) to explore:
- Stablecoin custody solutions
- Regulatory-compliant distribution channels
3. Regulatory Timing
- Hong Kong’s stablecoin licensing regime begins this week
- Requires HKMA approval for all fiat-backed stablecoin issuers
Market Context
- Follows OSL Group’s $300M raise last week
- Reflects growing institutional interest in Asia’s crypto hub
- Positions RD as potential leader in regulated stablecoin ecosystem
Next Steps:
- HKDR launch pending final HKMA approval
- Expansion into DeFi and cross-border payments
"This funding accelerates our mission to bridge traditional finance with blockchain innovation under Hong Kong's progressive regulatory framework."
— RD Technologies Spokesperson
#HongKong #Rd #A2ZToken #stablecoin #news
Funding Round Highlights
Hong Kong-based RD Technologies has completed a $40 million Series A2 funding round ahead of the city's new stablecoin licensing framework taking effect August 1. The investment was co-led by ZA Global, China Harbour, Bright Venture, and Hivemind Capital, with participation from HSG, Eternal Digital, and Guotai Junan International.
Key Developments
1. HKDR Stablecoin Development
- RD is creating HKDR, a 1:1 Hong Kong dollar-backed stablecoin
- Currently testing in the HKMA’s regulatory sandbox
2. Strategic Partnership
- Teamed with ZA Bank (virtual bank) to explore:
- Stablecoin custody solutions
- Regulatory-compliant distribution channels
3. Regulatory Timing
- Hong Kong’s stablecoin licensing regime begins this week
- Requires HKMA approval for all fiat-backed stablecoin issuers
Market Context
- Follows OSL Group’s $300M raise last week
- Reflects growing institutional interest in Asia’s crypto hub
- Positions RD as potential leader in regulated stablecoin ecosystem
Next Steps:
- HKDR launch pending final HKMA approval
- Expansion into DeFi and cross-border payments
"This funding accelerates our mission to bridge traditional finance with blockchain innovation under Hong Kong's progressive regulatory framework."
— RD Technologies Spokesperson
#HongKong #Rd #A2ZToken #stablecoin #news
තවත් අන්තර්ගතයන් ගවේෂණය කිරීමට පිවිසෙන්න