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BTCC / BTCC Square / Global Cryptocurrency /
Hong Kong’s RD Technologies Raises $40M Ahead of Stablecoin Licensing Deadline

Hong Kong’s RD Technologies Raises $40M Ahead of Stablecoin Licensing Deadline

Author:
Global Cryptocurrency
Published:
2025-07-30 11:44:34
12
1
BTCCSquare news:

RD Technologies, a Hong Kong-based fintech firm, secured $40 million in Series A2 funding just days before the city's new stablecoin licensing regime takes effect. The round included participation from eight institutional investors, positioning the company to compete for early regulatory approval in Asia's growing stablecoin market.

The company's HKDR stablecoin, designed for 1:1 Hong Kong dollar backing on public blockchains, has already undergone testing in the HKMA's sandbox program. With this funding, RD Technologies now meets the HKMA's minimum capital requirement for licensing while gaining resources for technological development and market expansion.

|Square

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