Hong Kong-based fintech firm RD Technologies secured $40 million in Series A2 funding led by ZA Global, with participation from China Harbour International Finance, Bright Venture Capital, Hivemind Capital Partners, HongShan Capital, and Guotai Junan International's private equity fund. This follows a $7.8 million Series A1 round in September 2024, bringing total capital to over $47.8 million.
The funding will accelerate development of RD Technologies' HKDR stablecoin – a Hong Kong dollar-pegged digital asset – and support infrastructure expansion ahead of Hong Kong's Stablecoin Ordinance taking effect on August 1, 2025. Under CEO Rita Liu (formerly of Alipay UK), the company is leveraging its position in the HKMA's regulatory sandbox to test cross-border payment solutions and pursue licensure.
Competing against over 50 companies including Ant International and JD.com for limited licenses, RD Technologies emphasizes enterprise-grade compliance with reserve requirements and AML protocols. A strategic partnership with ZA Bank aims to develop regulated financial use cases. Hong Kong's alignment with global standards like MiCA positions it as a stablecoin hub, with this investment signaling institutional confidence in Asia-Pacific digital finance growth.