RD InnoTech collaborates with HashKey Exchange to promote the issuance of future stablecoin HKDR and
In October 2024, RD InnoTech Limited, a subsidiary of RD Technologies Group, is fully committed to promoting the issuance of stablecoin HKDR. Since its establishment, RD InnoTech has been committed to ensuring that the stablecoin HKDR meets strict regulatory standards and is prepared to promote international payments, ensuring that the stablecoin can smoothly integrate into the market and facilitate seamless cross-border transactions. On July 18, 2024, RD InnoTech successfully entered the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA), laying an important foundation for future compliant operations.
RD InnoTech plans to issue stablecoin HKDR on Ethereum in the future. The reason for choosing Ethereum is its high global liquidity, mature ecosystem, stability, and decentralized security infrastructure to ensure the reliability of large-scale financial operations.
RD InnoTech plans to officially launch the stablecoin HKDR on HashKey Exchange, the largest licensed virtual asset trading platform approved by the Securities and Futures Commission (SFC) in Hong Kong. This will be an important step towards realizing its vision of promoting more efficient and compliant cross-border payments.
Ms. Rita Liu, CEO of RD Technologies Group, said that cooperation with HashKey Exchange is crucial: "We are delighted to be partnering with HashKey Exchange, which provides essential elements for our stablecoin HKDR issuance: regulatory credibility, extensive institutional network, and deep liquidity. HashKey Exchange strictly adheres to Hong Kong's Virtual Asset Trading Platform (VATP) regulatory framework, further strengthening our trust with partners and regulatory agencies
Ms. Rita Liu also pointed out that Hong Kong, as a gateway between East and West, will further expand the potential of stablecoins in the Asian market to meet the growing demand for cross-border trade and payments: "Stablecoins can eliminate friction in global transactions by synchronizing information and capital flows. We are creating a compliant and stable digital currency that provides speed and cost advantages for cross-border transactions for enterprises
Mr. Livio Weng, CEO of HashKey Exchange, said, "We are delighted to join forces with RD InnoTech to make breakthroughs in the Hong Kong stablecoin market and global cross-border payments. The stablecoin HKDR not only reduces transaction costs but also improves capital flow efficiency, providing compliant and stable currency support for global enterprises. As the largest licensed virtual asset exchange in Hong Kong, we are committed to promoting this innovation and ensuring that professional investors can easily use this 1:1 pegged stablecoin. In the future, HashKey Exchange will serve as the 'nerve center' and continuously promote the development of compliant stablecoins
RD InnoTech is committed to positioning stablecoin HKDR as an important driving force for the future global payment landscape by combining regulatory rigor, strategic partnerships, and blockchain innovation. This collaboration with HashKey Exchange marks an important step towards achieving this goal and echoes Hong Kong's grand vision of becoming a global digital asset hub, laying the foundation for the adoption of stablecoins in Asian and global markets.
Regarding RD Technologies Group:
RD Technologies Group (RD Technologies) is a financial platform that connects Web2 and Web3, utilizing innovative financial technologies to build a trusted and interconnected business world. Yuancoin Technology is based in Hong Kong and faces the world, assisting enterprises in using financial services in a more convenient and cost-effective way, improving trade efficiency, and promoting Hong Kong's development as an Asian trade hub and international financial center. Learn more: https://rd.group
The innovative and secure solutions managed by a subsidiary of RD Technologies include:
·RD Wallet Coin Wallet:
RD Wallet Technologies Limited is a licensed holder of the Hong Kong Stored Value Payment Facility (SVF) license (license number: SVF0016), allowing global businesses to open accounts remotely on their mobile phones anytime, anywhere, and supporting multiple fiat currencies. Yuan Coin Wallet is committed to providing efficient, secure, and innovative payment solutions for businesses, promoting Hong Kong's development as an Asian trade hub and international financial center. Learn more: https://rd.group/products/wallet/
·Stablecoins HKDR (HKDR):
HKDR is a reliable and transparent stablecoin, equivalent to HKD 1:1. Its reserves are composed of high-quality and highly liquid assets, and will be properly stored in independent custodial accounts of regulated financial institutions. The public can learn about reserve details through regularly published independent certification reports. The issuer of HKDR, Yuan Coin Innovation Technology Co., Ltd., became one of the first issuers to participate in the Hong Kong Monetary Authority's stablecoin issuer sandbox in July 2024. Yuan Coin Innovation Technology Co., Ltd. will strictly comply with the regulatory requirements for issuing HKDR and contribute to the sustained development of Hong Kong as a global hub for Web3 and virtual currencies. Learn more: https://rd.group/hkdr
*As of October 20th, according to the latest data from CoinGecko, HashKey Exchange ranks among the top 9 global exchanges and is the highest ranked Hong Kong licensed virtual asset exchange.
^Reference from HKDR official website introduction
Regarding HashKey Exchange
HashKey Exchange is committed to setting a new benchmark for virtual asset exchanges in terms of compliance, fund protection, and platform security. HashKey Exchange is one of the first licensed retail virtual asset exchanges in Hong Kong. At present, it has obtained approval from the Securities and Futures Commission (SFC) of Hong Kong to hold Class 1 (securities trading) and Class 7 (providing automated trading services) licenses under the Securities and Futures Ordinance, as well as a license to operate a virtual asset trading platform under the Anti Money Laundering Ordinance, and operate the virtual asset trading platform in compliance with regulations. As the flagship business of HashKey Group, HashKey Exchange provides one-stop virtual asset trading services for professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications. For media inquiries, please contact HashKey Exchange Yvonne Wang Senior PR Manager yvonne.wang@hashkey.com .
To comply with laws and regulations, HashKey Exchange does not provide services to users in mainland China, the United States, and certain other jurisdictions.
Information may become outdated, including due to new plans, regulations, or market changes.
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