RD InnoTech partners with HashKey Exchange to promote the issuance of the future stablecoin HKDR, accelerating the layout of cross-border payments

In October 2024, RD Technologies Group (RD Technologies Group) subsidiary RD InnoTech Limited (RD InnoTech) is fully promoting the issuance progress of the stablecoin HKDR. Since its establishment, RD InnoTech has been committed to ensuring that the stablecoin HKDR meets strict regulatory standards and is prepared for international payment, 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 Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox, laying an important foundation for future compliant operations.

RD InnoTech plans to issue the stablecoin HKDR on Ethereum in the future. The reason for choosing Ethereum lies in its global high liquidity, mature ecosystem, stability, and decentralized security infrastructure, ensuring the reliability of large-scale financial operations.

Collaboration with Hash Blockchain Limited (HashKey Exchange): Driving Market Growth and Entering the Global Market

RD InnoTech plans to officially launch HKDR on HashKey Exchange, the largest licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission (SFC), which will be an important step in achieving its vision and promoting more efficient and compliant cross-border payments.

Ms. Rita Liu, CEO of RD Technologies Group, stated that the collaboration with HashKey Exchange is crucial: "We are very pleased to partner with HashKey Exchange, which provides essential elements for our HKDR issuance: regulatory credibility, a broad network of institutional relationships, and deep liquidity. HashKey Exchange strictly adheres to Hong Kong's Virtual Asset Trading Platform (VATP) regulatory framework, further strengthening the trust between us, our partners, and regulatory agencies."

Rita Liu also pointed out that Hong Kong, as a gateway between the 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 through synchronized information and capital flow. We are creating a compliant and stable digital currency that provides speed and cost advantages for enterprises in cross-border transactions."

Mr. Livio WENG, CEO of HashKey Exchange, stated: "We are very pleased to work with RD InnoTech to achieve breakthroughs in the Hong Kong stablecoin market and the global cross-border payment sector. The stablecoin HKDR not only reduces transaction costs but also enhances capital flow efficiency, providing compliant and stable monetary support for global enterprises. As Hong Kong's largest licensed virtual asset exchange, we are committed to promoting this innovation, ensuring that professional investors can conveniently use this 1:1 pegged stablecoin to the Hong Kong dollar. In the future, HashKey Exchange will serve as a 'nerve center' to continuously advance the development of compliant stablecoins."

RD InnoTech is committed to positioning the stablecoin HKDR as an important driving force in the future global payment landscape through a combination of regulatory rigor, strategic partnerships, and blockchain innovation. This collaboration with HashKey Exchange marks an important step toward achieving this goal and echoes the grand vision of Hong Kong becoming a global digital asset hub, laying the foundation for the adoption of stablecoins in the Asian and global markets.

As of October 20, according to the latest data from Coingecko, HashKey Exchange ranks 9th among global exchanges, making it the highest-ranked licensed virtual asset exchange in Hong Kong.

Reference from HKDR official website

About RD Technologies Group:

RD Technologies Group is a financial platform connecting Web2 and Web3, utilizing innovative financial technology to build a mutually trusting and interconnected business world. Based in Hong Kong and targeting the global market, RD Technologies helps enterprises use financial services in a more convenient and cost-effective way, enhancing trade efficiency and promoting Hong Kong's development as an Asian trade hub and international financial center. Learn more: ++https://rd.group++

Innovative and secure solutions led by RD Technologies' subsidiaries include:

• RD Wallet:

RD Wallet Technology Limited is a licensed Stored Value Facility (SVF) holder in Hong Kong (License No.: SVF0016), allowing global enterprises to open accounts remotely via mobile phones anytime and anywhere, supporting multiple fiat currencies. RD Wallet is committed to providing efficient, secure, and innovative payment solutions for enterprises, promoting Hong Kong's development as an Asian trade hub and international financial center. Learn more: ++https://rd.group/products/wallet/++

• Stablecoin HKDR (HKDR):

HKDR is a reliable and transparent stablecoin, pegged 1:1 to the Hong Kong dollar, with reserves composed of high-quality and highly liquid assets, securely held in independent custodial accounts at regulated financial institutions. The public can learn about reserve details through regularly published independent certification reports. The issuing entity, RD InnoTech Limited, became one of the first institutions to participate in the HKMA stablecoin issuer sandbox in July 2024, and will strictly comply with HKDR's regulatory requirements, continuously promoting Hong Kong's development as a global Web3 and virtual currency hub. Learn more: ++https://rd.group/hkdr++

About HashKey Exchange

HashKey Exchange is committed to setting new benchmarks for compliance, fund security, and platform safety in virtual asset exchanges. HashKey Exchange is one of the first licensed retail virtual asset exchanges in Hong Kong. It has been approved by the Hong Kong Securities and Futures Commission (SFC) and holds licenses for Type 1 (Securities Trading), Type 7 (Providing Automated Trading Services) under the Securities and Futures Ordinance, and a license for operating a virtual asset trading platform under the Anti-Money Laundering Ordinance, operating a compliant virtual asset trading platform. 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.