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- Hey Square fam! How many Alpha points have you racked up lately?
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Dare to trade. Dare to win.
Yuan Coin Technology has completed a $40 million Series A2 financing to布局 the Hong Kong stablecoin market.
[Bitpush] Hong Kong fintech group RD Technologies announced today 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 sale fund.
The CEO of Yuan Coin Technology, Liu Yu, stated: "We are expanding 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 it to explore the application of stablecoins in compliant financial services.
Previously, Yuanbi Technology planned to issue the Hong Kong Dollar stablecoin HKDR on Ethereum.