HONG KONG, Oct. 28, 2024 /PRNewswire/ — RD InnoTech Limited (RD InnoTech), a subsidiary of RD Technologies Group, is steadily advancing the issuance of the HKDR stablecoin. From the outset, RD InnoTech has focused on ensuring HKDR complies with strict regulatory standards while preparing for seamless market entry to support international payments and cross-border transactions. I did. On July 18, 2024, RD InnoTech was admitted to the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, establishing an important framework for future compliant operations.
RD InnoTech plans to deploy the HKDR stablecoin on Ethereum in the future. RD InnoTech chose Ethereum for its strong global liquidity and established ecosystem, proven stability, and secure decentralized infrastructure that ensures reliable financial operations at scale.
Hash Blockchain Limited (HashKey Exchange) Partnership: Driving Growth and Market Access
RD InnoTech plans to launch on Hashkey Exchange, the largest* licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission (SFC), offering seamless and more efficient trading through stablecoins. This is a pivotal step towards realizing our vision of enabling compliant global payments in the United States. Integration.
Rita Liu, CEO of RD Technologies Group, highlighted the strategic value of working with HashKey Exchange: “We are very excited to be working with HashKey Exchange as they bring the key elements necessary for the successful launch of HKDR (regulatory credibility, extensive institutional relationships).” , and deep liquidity, compliance with Hong Kong’s VATP regulatory regime strengthens trust with partners and regulators. ”
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Ms. Rita Liu said that Hong Kong’s role as a gateway between East and West will help stablecoins tap into Asia’s growing demand for stablecoins in leveraging stablecoins to facilitate cross-border trade and payments. It added that it strengthens the potential of the coin. We are building a compliant, stable digital currency that enables speed and affordability for businesses across borders. ”
“Through our close collaboration with RD InnoTech, we are excited to make great strides in the Hong Kong stablecoin market and the global cross-border payments space. HKDR will not only reduce transaction costs, but also It also improves the efficiency of capital flows and serves global enterprises.”As the largest licensed crypto asset exchange in Hong Kong, this initiative provides professional investors with easy access to this compliant stablecoin. We are committed to supporting this innovation. Going forward, HashKey Exchange will serve as the “center” to continue to drive the development of compliant stablecoin operations,” said Livio WENG, CEO of HashKey Exchange.
By combining strict regulation, strategic partnerships, and blockchain innovation, RD InnoTech aims to position HKDR as a key enabler of the future global payments environment. Our partnership with HashKey represents a significant step towards this goal, aligning with Hong Kong’s ambitions to become a global digital asset hub and establishing the foundation for stablecoin adoption across Asia and the rest of the world. .
About RD Technologies Group:
RD Technologies Group (RD Technologies) is a financial platform that bridges the worlds of Web2 and Web3. Deploy innovative fintech to create a business world interconnected by trust. Based in Hong Kong and connected to the international community, RD Technologies was born out of a mission to provide businesses with easy access to financial services, increase trade efficiency, and promote Hong Kong’s development as an Asian and international trade hub. I did. financial center. Click here for details: https://rd.group
Secure and innovative solutions managed by RD Technologies subsidiaries include:
RD Wallet:
RD Wallet Technologies Limited (RD Wallet) is a Hong Kong licensed stored value facility (license number: SVF0016). This will enable global businesses to open multi-currency fiat accounts anytime, anywhere on mobile. RD Wallet is committed to facilitating cross-border trade and payments through efficient, secure and innovative payment solutions for businesses and contributing to Hong Kong’s development as a trade and financial hub in Asia . For more information about RD Wallet: https://rd.group/products/wallet/
For media inquiries please contact: (email protected)
HKDR Stablecoin (HKDR):
HKDR Stablecoin (HKDR) is a reliable and transparent 1:1 Hong Kong dollar stablecoin backed by the Hong Kong dollar, with high-quality, highly liquid assets held in segregated custodial accounts at licensed financial institutions. is stored safely. Reserve details are made available to the public through regular independent certification reports. In July 2024, HKDR issuer RD InnoTech Limited became one of the first entities to be admitted to the stablecoin issuer sandbox by the Hong Kong Monetary Authority. RD InnoTech Limited will strictly comply with the regulatory requirements for the launch of HKDR in order to contribute to Hong Kong’s continued development as a global Web3 and virtual asset hub. More information about HKDR: https://rd.group/hkdr
*Note: As of October 20, 2024, HashKey Exchange ranks 9th on CoinGecko’s global exchange list, making it the largest licensed crypto asset exchange in Hong Kong.
^Quoted from the introduction on the HKDR official website.
About hash key exchange
HashKey Exchange is committed to setting new benchmarks for crypto asset exchanges in terms of compliance, fund security, and platform safety. HashKey Exchange is one of the first licensed retail virtual asset exchanges in Hong Kong. It has been approved by the Securities and Futures Commission (SFC) and holds Type 1 (securities trading) and Type 7 (provision of automated trading services) licenses based on the Securities and Futures Trading Ordinance. We operate a crypto asset trading platform based on the Futures Trading Ordinance. We operate a crypto asset trading platform in compliance with anti-money laundering regulations. As the flagship business of HashKey Group, HashKey Exchange provides one-stop crypto asset trading services to professional investors (PIs) and retail investors. HashKey Exchange is ISO 27001 (Information Security) and ISO 27701 (Data Privacy) Management System Certifications.
HashKey Exchange does not provide services to users from mainland China, the United States, and certain other jurisdictions in accordance with laws and regulations.
New plans, regulations, and market changes may cause information to become outdated.
