Yuanbi Technology completes $40 million Series A2 financing, led by ZhongAn International and others

Hong Kong fintech group RD Technologies today announced that it has successfully completed nearly $40 million in Series A2 financing. This round of financing was co-led by existing and new investors including ZA Global, China Harbour, Bright Venture, and Hivemind Capital, with other investors including Sequoia China, Eternal Digital, Junshi Investment, and Guotai Junan International Private Equity Fund.

RD Technologies CEO Liu Yu stated, "We are expanding our platform capabilities, deepening global partnerships, optimizing product services, and actively preparing for the stablecoin licensing system that Hong Kong will implement on August 1, 2025."

At the same time, ZhongAn Bank has signed a strategic cooperation memorandum with them to explore the application of stablecoins in compliant financial services.

Previous report, RD Technologies plans to issue a Hong Kong dollar stablecoin HKDR on Ethereum.