Rita Liu, CEO of RD Technologies, says Hong Kong’s connection with mainland China and new legal framework can make stablecoins more efficient for cross-border trade and payments.

RD InnoTech is exploring three primary use cases in the sandbox. Rita Liu, CEO of RD Technologies, is bullish about the HKSAR’s potential as a global payment hub, citing its established status as an international financial and trade center with free capital flows.

“We plan to begin with a Hong Kong dollar-pegged stablecoin, focusing on business-to-business cross-border payment use cases,” an RD InnoTech spokesperson said. The regulatory clarity and infrastructure brought by the new regime “could lay the groundwork for offshore Renminbi tokenization,” they added, referencing the official name of the Chinese yuan.

"The opportunities are massive," said Rita Liu, CEO of RD Technologies, whose payment company is developing a Hong Kong dollar-denominated stablecoin in a government-run trial.

“Hong Kong is an international financial center as well as a payment and settlement center,” said Rita Liu, the CEO of RD Group, a stablecoin payment platform. “Stablecoins will enhance its dominance and status” in the latter.

RD Technologies is exploring multiple real-world applications for its proposed HKMA-approved stablecoin, including cross-border remittances, digital asset trading, and RWA payments.

Rita Liu, CEO of RD Technologies, discusses the rationale for yuan-backed stablecoin amid the growing recognition for the digital asset.

RD Technologies has been spotlighted in The Banker’s latest article, “Hong Kong looks for stablecoin niche,” alongside Ant International and Standard Chartered. As a participant in HKMA’s stablecoin sandbox, RD confirmed plans to apply for a stablecoin issuer licence under the city’s upcoming regulatory regime.

We’re pleased to see our CEO Rita Liu included in a recent South China Morning Post SCMP article discussing Hong Kong’s new stablecoin legislation — a timely step toward building a clearer regulatory environment for digital assets.

RD Wallet, a licensed Stored Value Facility in Hong Kong, officially launches today. It offers mobile remote account opening and various currency payment services for businesses in Hong Kong and overseas. The account opening process can be completed in as little as one hour with complete documentation.

RD Wallet will allow companies to open online accounts and conduct foreign currency conversions and cross-border payments in five major currencies. The e-wallet app will allow corporate clients to open accounts remotely by mobile phones in as little as an hour’s time

RD Technologies' RD ezLink announced today that it had forged a cooperation intention with Airstar Bank. Following the earlier announcements of Ant Bank, Bank of East Asia, CMB Wing Lung Bank, Standard Chartered Hong Kong and ZA Bank, Airstar Bank also planned to improve the efficiency of digital banking services through RD ezLink when it develops corporate banking business.

RD Wallet Technologies, a Hong Kong-based e-wallet operator offering payment services to corporates, announced that it has been granted the Stored Value Facility (SVF) license by the Hong Kong Monetary Authority (HKMA).

The Hong Kong Monetary Authority announced today that it granted a stored value facility (SVF) licence to RD Wallet Technologies Limited (RDWT) under the Payment Systems and Stored Value Facilities Ordinance.

Fintech firm RD ezLink, founded by the former Hong Kong Monetary Authority chief executive Norman Chan Tak-lam, plans to roll out a trial of its digital corporate identity verification solution with the Bank of East Asia (0023) on December 1.