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 Global’s focus on advancing a compliant and innovative digital finance environment in Hong Kong.
Alongside the funding, ZA Bank, ZA Global’s digital banking subsidiary, has signed a MoU with RD, furthering their existing collaboration in reserve banking services initiated last year.
Under the new agreement, ZA Bank will enhance its role in supporting reserve asset custody and explore acting as a distributor of compliant stablecoin products, aimed at facilitating the broader adoption of digital assets.
Commenting on the partnership, ZA Global President, Wayne Xu said:
“As regulatory clarity and demand for compliant stablecoin solutions continue to grow, our partnership with RD marks a milestone in aligning innovation with compliance. Together, we are shaping a secure and regulated digital finance ecosystem for Hong Kong and the wider region.”
Featured image credit: Edited by Fintech News Hong Kong, based on image by Ha Pic via Freepik
