RD Technologies Secures $40M Series A2 Led by Zhongan International to Accelerate Stablecoin Infrastructure Expansion

RD Technologies, a stablecoin infrastructure company, has completed a $40 million Series A2 funding round led by Zhongan International, with additional participation from Zhongwan International, Radiant Venture Capital, Hivemind Capital, Sequoia China, Immutable Capital, Matrixport, and Guotai Junan International Private Equity Fund [0]. The capital infusion follows a $7.8 million Series A1 round in September 2023, which was led by Sequoia (formerly Sequoia China), Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital [0]. The company stated it will use the latest funding to accelerate development of enterprise-grade stablecoin infrastructure and expand its role as a bridge between Web2 and Web3 financial ecosystems [0].

Zhongan Bank, a strategic partner of RD Technologies, has signed a cooperation agreement to explore applications of stablecoins in compliant financial services [0]. The company previously participated in a stablecoin sandbox initiative, though details of its regulatory framework or geographic scope were unspecified in the announcement [0].

Source: [0] Stablecoin Infrastructure Company Circle Tech Completes $40 Million Series A2 Funding Round, Led by Zhongan International, [https://www.theblockbeats.info/en/flash/305120]