Thomas Daniels
Hong Kong-based RD InnoTech, a subsidiary of RD Technologies Group, has announced plans to launch its HKDR stablecoin on the Ethereum blockchain, with a strategic partnership involving HashKey Exchange. Aiming to enhance compliance and efficiency in cross-border transactions, this initiative marks a significant step for the company as it seeks to establish HKDR as a trusted digital asset for international payments.
According to an Oct. 28 press release, RD InnoTech has leveraged its position within the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox to accelerate the development of HKDR. The choice of Ethereum as the platform aligns with the blockchain’s reputation for liquidity, robust ecosystem, and security, offering an ideal environment for HKDR’s initial deployment.
HashKey Exchange, a licensed digital asset platform in Hong Kong, will provide regulatory and institutional support for the project’s rollout. This collaboration aims to fortify HKDR’s position within Hong Kong’s digital asset ecosystem and foster wider acceptance across regulated financial channels.
Highlighting the potential of stablecoins, RD Technologies Group CEO Rita Liu stated, “Stablecoins can eliminate friction in global transactions by synchronizing information and asset flows.” Liu underscored RD InnoTech’s goal of delivering a compliant digital currency solution that optimizes both speed and affordability for cross-border business activities.
While RD InnoTech has yet to announce a formal launch date or public accessibility options via decentralized finance, the company’s collaboration with HashKey Exchange underscores a broader commitment to establishing Hong Kong as a key digital assets hub. Earlier this year, the HKMA included RD InnoTech among its sandbox participants, a group that also features prominent entities such as JD.com’s JINGDONG Coinlink Technology and a consortium led by Standard Chartered Bank (Hong Kong), Animoca Brands, and Hong Kong Telecommunications.\
