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- 🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
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Yuan Coin Technology completes $40 million Series A2 financing, led by Zhong An International and others.
[Round Coin Technology Completes $40 Million Series A2 Financing, Led by ZhongAn International and Others] Round Coin Technology (RD Technologies) announced the completion of nearly $40 million in Series A2 financing, led by ZhongAn International, China Bay International, Brilliant Investment, and Hivemind Capital, with participation from Sequoia China, Everlasting Digital Capital, Junshi Investment, and Guotai Junan International Private Equity Fund. Round Coin Technology stated that it will accelerate the construction of enterprise-level stablecoin infrastructure to prepare for the stablecoin licensing system officially implemented in Hong Kong on August 1. At the same time, ZhongAn Bank has signed a strategic cooperation memorandum to explore the application of stablecoins in Compliance Financial Services. Round Coin Technology previously participated in the Hong Kong Monetary Authority's stablecoin sandbox pilot and launched the HKDR stablecoin, which is pegged 1:1 to the Hong Kong dollar.