RD Technologies

About RD Technologies

Based in Hong Kong, RD Technologies Group is a fintech firm established in 2020 to bridge Web2 enterprises with the emerging Web3 financial ecosystem. The company was founded by Dr. Norman Chan, the former Chief Executive of the Hong Kong Monetary Authority (HKMA) from 2009 to 2019. His experience in central banking and supervision underpins the company's focus on creating user-centric solutions that navigate complex compliance requirements. The management team includes CEO Rita Liu, a fintech veteran who previously served as CEO of Alipay UK.

RD Technologies has secured significant funding, including a Series A1 round of $7.8 million in September 2024 and a Series A2 round of approximately $40 million in July 2025. This latest round was co-led by investors including ZA Global, China Harbour, Bright Venture, and Hivemind Capital. The company's business model is centered on two main subsidiaries: RD Wallet and RD Stablecoin (HKDR). Revenue is generated from fees for services provided through its platforms.

RD Wallet is a licensed Stored Value Facility (SVF) in Hong Kong, designed primarily for businesses. It functions as a business-focused mobile wallet that allows Hong Kong, overseas, and offshore companies to open accounts entirely on their mobile devices. The wallet supports multiple currencies, including HKD, CNY, USD, JPY, SGD, EUR, and GBP, facilitating cost-effective cross-border payments and foreign exchange with instant settlement for wallet-to-wallet transfers. The platform targets e-commerce businesses, startups, and SMEs seeking efficient alternatives to traditional banking.

The company is also developing HKDR, a stablecoin designed to be backed 1:1 by the Hong Kong dollar. This initiative aims to provide a stable digital currency for faster and cheaper settlement of tokenized assets and cross-border transactions. RD Technologies is an active participant in the HKMA's stablecoin sandbox to ensure HKDR complies with regulatory standards ahead of Hong Kong's new licensing regime. Strategic partnerships with firms like ZA Bank and HashKey Exchange are in place to explore applications in financial services, including reserve asset custody and potential distribution channels for the stablecoin, once approved.