Stablecoin Infrastructure Company Circle Tech Completes $40 Million Series A2 Funding Round, Led by Zhongan International

By: theblockbeats.news|2025/07/30 13:42:22

BlockBeats News, July 30th, RD Technologies announced the completion of nearly $40 million in Series A2 financing, led by Zhongan International, Zhongwan International, Radiant Venture Capital, and Hivemind Capital, with participation from Sequoia China, Immutable Capital, Matrixport, and Guotai Junan International Private Equity Fund.

RD Technologies stated that it will accelerate the development of enterprise-grade stablecoin infrastructure, further solidifying its leadership position in building compliant stablecoin infrastructure in Hong Kong. Meanwhile, Zhongan Bank has signed a strategic cooperation memorandum to explore the application of stablecoins in compliant financial services. RD Technologies has previously participated in the Hong Kong Monetary Authority's stablecoin sandbox pilot and launched the HKDR stablecoin pegged 1:1 to the Hong Kong Dollar.

In September last year, RD Technologies completed a $7.8 million Series A1 financing round, with this round led by Sequoia (formerly Sequoia China), Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital among others. This round of financing will enable RD Technologies to continue building a financial platform that bridges the Web2 and Web3 worlds and continue to contribute to the development of the Hong Kong Web3 ecosystem.

-- Price

As the tide recedes, crypto VCs face a life-and-death test. The bubble of blind token overvaluation has been burst, and the industry's valuation logic is returning to real revenue. In the face of increasingly savvy retail investors and dried-up liquidity, VCs that can only throw money around are des...

Morning News | Ether Machine terminates $1.6 billion SPAC deal; SpaceX holds approximately $603 million in Bitcoin; Michael Saylor releases Bitcoin Tracker information again

Overview of Important Market Events on April 12

Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $816 million; the net inflow for Ethereum spot ETFs in the U.S. was $187 million

Bitwise updates Hyperliquid ETF application documents, with the trading code set as BHYP.

This week's news preview | The U.S. will release March PPI data; French President Macron will give a speech at Paris Blockchain Week

Highlights of the week from April 13 to April 19.

How Do Digital Assets Self-Custody? OpenAI Cofounder's 15-Step Checklist

It's time to outsource our memory to AI

Circle Product Management Director: The Future of Cross-Chain: Building an Interoperability Technology Stack for Internet Financial Systems

Building on the foundation laid by CCTP, Circle is increasing its investment in three main areas: settlement acceleration, broader asset interoperability, and orchestration, making cross-chain value flow more seamless and efficient, and achieving internet-level usability.

UCL Fan Tokens 2026 Guide: How to Trade UEFA Champions League Crypto with Zero Fees on WEEX

Discover UCL fan tokens like PSG, Barcelona, and Man City. Learn how to trade UEFA Champions League crypto with zero fees and earn rewards on WEEX.

WEEX Poker Party Season 2: Check How to Earn Crypto Rewards Now!

Learn how WEEX Poker Party Season 2 (Joker Card Event) works. Discover rules, scoring, rewards, and strategies to earn crypto rewards through gamified trading.