HongShan-Backed Hong Kong Fintech Startup Raises $40 Million To Advance Stablecoin Plan

Crypto exchange OSL sees optimism rise as Hong Kong enters stablecoin era

The Hong Kong Monetary Authority is likely to issue the first batch of stablecoin licences early next year.

HongShan-Backed Hong Kong Fintech Startup Raises $40 Million To Advance Stablecoin Plan

RD Technologies’ Series A2 round comes as the startup plans to apply for a stablecoin issuer license in Hong Kong.

Hong Kong is Hyped and Hopeful As It Plans to Issue First Stablecoin Licences

The Hong Kong Monetary Authority (HKMA) will launch its first batch of stablecoin licences early in the following year, since the city’s central bank urged prospective issuers to submit their application by the end of September. Stablecoin fever has swept Hong Kong as the city prepares to introduce a licensing system for the less volatile king of cryptocurrency. The Hong Kong Monetary Authority (HKMA) will launch its first batch of stablecoin li…

ZA Global Backs RD Technologies with US$40M to Boost HK’s Stablecoin Ecosystem - Fintech Hong Kong

ZA Global has led a US$40 million Series A2 funding round for HK fintech firm, RD Technologies (RD), marking a significant step in the development of a regulated stablecoin ecosystem and next-generation Web3 financial infrastructure in Hong Kong. As lead investor, ZA Global’s participation reflects its confidence in RD’s long-term potential in the regulated stablecoin sector. The investment provides essential capital support and highlights ZA Gl…