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Yuan Coin Technology completes $40 million Series A2 financing, led by ZhongAn International and others.
According to a news release from 深潮 TechFlow on July 30, Hong Kong fintech company RD Technologies has completed a $40 million Series A2 financing round. This round was co-led by ZA Global, China Harbour, Bright Venture, and Hivemind Capital, with other investors including HSG, Eternal Digital, Junshi Investment, and Guotai Junan International private equity fund.
According to the introduction, Yuan Coin Technology will use this round of financing to expand platform capabilities in preparation for the Hong Kong stablecoin license system to be implemented on August 1, 2025. In addition, ZA Bank has signed a strategic cooperation memorandum with Yuan Coin Technology to jointly explore the compliant application of stablecoins in financial services, including reserve asset custody and stablecoin distribution.