RD Technologies, a pioneering FinTech firm, has successfully raised $7.8 million in its Series A1 funding round. This strategic investment was led by a group of notable investors, including HongShan, Hivemind Capital, Aptos Labs, and the Solana Foundation. The new capital will help RD Technologies accelerate its growth and innovation in the financial technology sector.
RD Technologies specializes in bridging the gap between traditional Web2 systems and the evolving Web3 environments. Using advanced technologies, the company delivers innovative financial solutions that are fully compliant with regulatory standards.
RD Technologies plans to enhance its financial platform and support the growth of the Web3 ecosystem in Hong Kong. This effort will expand their services and help solidify Hong Kong’s role as a global leader in blockchain and FinTech innovation.
RD Technologies previously secured substantial funding in its seed round, backed by major investors like ZhongAn Digital Asset Group and HashKey Group. This support has given the company valuable resources, including a regulatory-compliant trading platform and cutting-edge Web3 infrastructure, further enhancing its growth in the financial technology sector.
RD Technologies CEO, Rita Liu, highlighted the potential of blockchain and stablecoins to revolutionize the traditional payment industry, making cross-border payments faster and cheaper. She emphasized Hong Kong’s leadership in virtual asset regulation, expressing confidence that compliant stablecoins will solve challenges in traditional finance and position Hong Kong as a global Web3 hub.
About RD Technologies:
RD Technologies Group is a Hong Kong-based financial platform that connects the Web2 and Web3 worlds using innovative fintech solutions. Its mission is to improve access to financial services, enhance trade efficiency, and strengthen Hong Kong’s role as a trade hub in Asia and a global financial center. The company focuses on providing compliant and cutting-edge solutions through its subsidiaries.
RD Wallet:
RD Wallet Technologies Limited, a licensed Stored Value Facility in Hong Kong (SVF0016), offers global businesses the ability to open multi-currency fiat accounts via mobile, anytime and anywhere. The company focuses on streamlining cross-border trade and payments with innovative solutions, contributing to Hong Kong’s development as a key trade and financial hub in Asia.
HKDR Stablecoin (HKDR):
HKDR Stablecoin (HKDR) is a fully backed Hong Kong Dollar stablecoin, secured 1:1 with liquid assets held in segregated accounts by licensed financial institutions. RD InnoTech Limited, the issuer of HKDR, joined the Hong Kong Monetary Authority’s stablecoin issuer sandbox in July 2024 and will adhere to regulatory standards for its launch. This initiative supports Hong Kong’s growth as a global Web3 and virtual asset hub.
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