Subsidiary ZA Bank exploring role in stablecoin distribution, Highlighting Hong Kong’s growing Web3 finance ambitions
Hong Kong, 30 July 2025 — ZA Global, a leading force in Asia’s digital finance landscape, has led a US$40 million Series A2 financing round for RD Technologies (“RD”). This strategic milestone accelerates the development of a regulated stablecoin ecosystem and next-generation Web3 financial infrastructure in Hong Kong.
As the lead investor, ZA Global’s involvement underscores its strong conviction in RD’s long-term potential and vision in the regulated stablecoin space. This strategic investment not only provides critical capital support but also signals ZA Global’s commitment to shaping a compliant, innovative digital financial hub in Hong Kong.
In conjunction with the funding, ZA Bank, ZA Global’s digital banking subsidiary, has signed a Memorandum of Understanding (MOU) with RD, building on their foundational partnership in reserve banking services established last year. Under the new agreement, ZA Bank will further deepen its collaboration with RD across two key areas:
- Custodial Infrastructure: ZA Bank will continue to expand its support for reserve asset custody needs, reinforcing trust and transparency in stablecoin issuance.
- Distribution Partnership: ZA Bank also expresses its intent to become a distributor of compliant stablecoin, helping the possible introduction of digital asset solutions.
ZA Global President Wayne Xu said: “As regulatory clarity and demand for compliant stablecoin solutions continue to grow, our partnership with RD marks a milestone in aligning innovation with compliance. Together, we are shaping a secure and regulated digital finance ecosystem for Hong Kong and the wider region.”
