August 01, 2025

By Anjali Kochhar

What happens when a fintech firm backed by millions steps into one of the world’s most ambitious stablecoin sandboxes? In Hong Kong, it signals more than just a funding milestone. It marks a decisive move toward reshaping the future of regulated digital finance.

RD Technologies, a Hong Kong-based fintech company, has secured $40 million in new funding as it joins the Hong Kong Monetary Authority’s (HKMA) stablecoin sandbox initiative. This fresh capital, led by ZA Capital the investment arm of ZhongAn Insurance will support RD’s vision to develop a Hong Kong dollar-backed stablecoin and digital financial infrastructure focused on cross-border payments and programmable money.

The HKMA launched its stablecoin sandbox in June 2024 to allow firms to test fiat-backed digital currencies in a controlled environment. The initiative aims to strike a balance between fostering innovation and maintaining financial stability, giving firms a platform to develop and refine their models under regulatory guidance. RD Technologies is among the first companies selected for this program, highlighting the city’s strategic push to stay competitive in Asia’s digital asset race.

RD plans to channel the $40 million toward building an enterprise-grade payment platform anchored in compliance, trust, and blockchain innovation. The firm’s goal is to improve the speed, transparency and security of financial transactions, particularly in areas such as cross-border trade and business-to-business payments. According to CEO Ada Yip, this funding will help “redefine the future of finance” by supporting the development of secure, programmable financial tools built around regulated stablecoins.

The investment from ZA Capital brings more than just financial backing. It represents strong confidence from institutional players in Hong Kong’s digital finance roadmap. RD Technologies already operates in digital identity and payment solutions, and this new funding will allow it to expand its ecosystem with a regulated, Hong Kong dollar-linked stablecoin at its core.

As countries around the world explore how to safely integrate stablecoins into traditional financial systems, Hong Kong is taking action. Through initiatives like the sandbox and backing firms like RD Technologies, the city is laying the foundation for a regulated, innovation-driven financial future.

Hong Kong isn’t just talking about stablecoins. With RD’s entry and $40 million in the bank, it’s building them securely, strategically and at full speed.

About the author

Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.