PANews reported on July 30th that RD Technologies, a Hong Kong-based fintech group, announced the successful completion of its Series A2 funding round, raising nearly US$40 million. This round was led by ZhongAn International, Zhongwan International, Brilliant Investment, and Hivemind Capital, with participation from Sequoia China, Hengjiu Digital Capital, Junshi Investment, and Guotai Junan International Private Equity Fund. RD Technologies stated that this funding will accelerate the development of its regulated stablecoin infrastructure and actively cooperate with Hong Kong's upcoming stablecoin licensing regime. ZhongAn Bank has also signed a strategic cooperation memorandum with RD Technologies to jointly explore the compliant application of stablecoins in financial services.