According to Techub News, RD Technologies has completed a US$7.8 million A1 round of financing. Investors include Sequoia China, Hivemind Capital, Aptos Lab, Hash Global, SNZ Capital, Solana Foundation, Anagram and Upward Capital.
On July 18, Yuanbi Technology announced that its subsidiary Yuanbi Innovation Technology Co., Ltd. was included in the Hong Kong Monetary Authority's stablecoin issuer sandbox program. Yuanbi Technology will test its Hong Kong dollar stablecoin operation plan in the HKMA sandbox. In addition, another subsidiary of Yuanbi Technology, Yuanbi Wallet Technology Co., Ltd., has obtained a stored value payment facility (SVF) license issued by the HKMA and will officially operate at the end of 2023.