We are excited to share with you a significant development in our journey!
RD Technologies officially joins the Hong Kong Monetary Authority (HKMA) "Stablecoin Issuer Sandbox", marking a major milestone for our mission to help develop the financial infrastructure for the Web3 ecosystem in Hong Kong.
Among the first batch of participants to join the "Sandbox", we will conduct testing for various use cases of our Hong Kong Dollar stablecoin "HKDR" such as digital asset trading and cross-border trade payments, ensuring that our product remains at the forefront of financial innovation.
"HKDR" is designed to be reliable and compliant with high regulatory standards. Born with the objective of transforming the way people and businesses send, spend, and transfer money, "HKDR" aims to facilitate payments and commerce with trust, stability, and efficiency.
Press Release:
Key Message:
Today’s announcement represents a major milestone for RD Technologies’ mission to help develop the financial infrastructure for the Web3 ecosystem in Hong Kong through the issuance of reliable and trustworthy stablecoins compliant with high regulatory standards.
“We are honoured to be amongst the first batch of entities to participate in the HKMA sandbox,” said Norman Chan, Chairman of RD Technologies, “RD Technologies remains committed to the mission of offering innovative solutions to help enrich the financial infrastructure that is essential in building Hong Kong as the Web3 hub of the world.”
“We are excited to be participating in the HKMA’s sandbox arrangement. My team at RD Technologies is fully ready to communicate with the HKMA closely and demonstrate our superior technical capability, robust risk management and user friendly stablecoin solutions that are in compliance with high regulatory standards. RD Technologies will continue to contribute to the development of the Web3 ecosystem in Hong Kong." said Rita Liu, CEO of RD Technologies.
