RD Technologies, a pioneering FinTech firm, has announced a successful $7.8m Series A1 financing round.
This latest financial injection comes from a notable consortium of investors, including HongShan, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital.
The company specialises in creating a seamless interface between the traditional Web2 environments and the emerging Web3 spaces. By leveraging cutting-edge technologies, RD Technologies provides robust financial solutions that are both innovative and compliant with current regulatory frameworks.
The funds from this Series A1 round will be allocated to further enhance RD Technologies’ financial platform, which is crucial for fostering the development of the Web3 ecosystem in Hong Kong. This initiative is set to not only expand their services but also strengthen Hong Kong’s position as a global leader in blockchain and financial technology.
Adding to their achievements, RD Technologies recently celebrated the admission of its subsidiary, RD InnoTech, into the stablecoin issuer sandbox regulated by the Hong Kong Monetary Authority (HKMA). Another subsidiary, RD Wallet Technologies Limited, has also started its operations, having secured a Stored Value Facility (SVF) license from the HKMA.
Previously, RD Technologies raised significant capital in its seed round, supported by influential stakeholders such as ZhongAn Digital Asset Group Limited and HashKey Group. This backing has provided RD Technologies with a suite of strategic resources, including access to a regulatory-compliant trading platform and advanced Web3 infrastructure.
Rita Liu, CEO of RD Technologies, remarked on the funding’s potential impact: “The legacy payment industry is ripe to be disrupted using blockchain technology and stablecoins to provide more efficient and cheaper cross-border payment networks. Hong Kong is leading the world in virtual asset regulation. We are confident that compliant and transparent stablecoins will invigorate the market and address the pain points of traditional payments and finance to bring in institutions and help Hong Kong become a global Web3 hub.”
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