RD Technologies Secures $40M to Launch Regulated HKDR Stablecoin

RD Technologies, a Hong Kong-based fintech firm, has raised $40 million in Series A2 funding to develop HKDR, a regulated stablecoin pegged one-to-one to the Hong Kong dollar. The funding, led by ZA Global and China Harbour, among others, supports the company’s mission to establish a secure and compliant digital financial infrastructure ahead of Hong Kong’s mandatory stablecoin licensing regime, which becomes effective on August 1, 2025 [1]. This investment reinforces growing confidence in regulated digital assets and positions RD Technologies as a key player in the region’s digital finance ecosystem [2].

The HKDR stablecoin is fully collateralized by Hong Kong dollars and will be held in segregated custody accounts with licensed financial institutions to ensure regulatory compliance [1]. The firm plans to launch the stablecoin under the supervision of the Hong Kong Monetary Authority, aligning with the city’s broader strategy to position itself as a global hub for Web3 innovation and virtual asset development [1].

ZA Bank has also signed a strategic Memorandum of Understanding with RD Technologies to explore the use of HKDR in financial services, including reserve asset custody and potential distribution channels [1]. This collaboration reflects the increasing convergence between traditional financial institutions and digital currency platforms, signaling a shift toward more integrated financial ecosystems.

This latest funding follows a $40 million Series A1 round completed in September 2024, marking a rapid growth phase for the company amid Hong Kong’s evolving regulatory landscape [1]. With the funding finalized just days before the new licensing rules take effect, RD Technologies is accelerating its infrastructure development to ensure timely compliance and market readiness [2].

The HKDR initiative is expected to enhance digital transaction efficiency and support asset tokenization, offering a transparent and reliable solution for businesses and financial institutions [1]. By facilitating the integration of traditional and decentralized finance, the project aims to drive innovation in regulated digital asset solutions and expand real-world use cases for stablecoins [1].

As Hong Kong moves toward a more structured digital asset framework, RD Technologies is well-positioned to lead the development of compliant stablecoin infrastructure [2]. The company’s growth trajectory reflects the broader industry trend of institutional players entering the regulated digital currency space, signaling increased legitimacy and long-term potential for such projects.

Sources:

[1] RD Technologies Secures US$40 Million in Series A2 Financing

https://www.prnewswire.com/news-releases/rd-technologies-secures-us40-million-in-series-a2-financing-302517161.html

[2] Hong Kong's RD Technologies Raises $40M Amid Stablecoin Licensing Buzz

https://www.onesafe.io/blog/hong-kong-stablecoin-rd-technologies-40-million-investment