On February 10, 2025, Yuan Coin Technology, as a leading provider of innovative financial solutions connecting Web2 and Web3, announced today the opening of a new office in Hong Kong. This move coincides with the Lunar New Year, and RD Technologies wishes everyone a prosperous Year of the Snake and good luck. This expansion not only reflects the milestone growth achieved by RD in 2024, but also demonstrates RD's determination to continue developing on this basis, providing customers with efficient, compliant, and cutting-edge financial services.

Photo 1: A group photo of all employees and two lion dance performers in the Hong Kong office of Yuancoin Technology

I am delighted to announce the opening of our new office, "said Liu Yu, CEO of Yuanbi Technology Group." The hard work and outstanding achievements of our team have paved the way for this exciting expansion. Greater space will allow us to continue expanding our team, and we are actively recruiting outstanding talents from all departments to join RD. In 2024, we achieved a 100 fold increase in transaction volume in our B2B payment business, completed a $7.8 million Series A1 financing, and our subsidiary Yuanbi Innovation Technology Co., Ltd. successfully entered the stablecoin issuer sandbox of the Hong Kong Monetary Authority. This new office will enable us to continue moving forward on this basis, attract more top talent, and further promote the development of the Web3 ecosystem

Looking ahead to 2025: Our plan

In 2025, we will continue to be committed to promoting and leading the development of the stablecoin field in Hong Kong, working closely with regulatory agencies to promote innovation within a compliance framework. We are committed to shaping the future of digital finance in the region and will actively collaborate with partners to build a strong and Web3 friendly financial ecosystem, driving wider adoption and leading the next wave of fintech solutions. This includes expanding partnerships with key industry participants, supporting clients in building their businesses on our platform, and advocating for clear and supportive regulatory frameworks to balance innovation and responsibility.

We are pleased to reiterate that our headquarters is still strategically located in Hong Kong. Hong Kong's unparalleled position as a global financial and trade center makes it an ideal place for Yuan Coin Technology to expand its business. The unique capital market, international trade flow, and profound talent reserves of this city have created a mature ecosystem for Web3 innovation. Combining its sound legal framework and forward-looking regulatory agencies, Hong Kong provides the perfect environment for us to advance our mission.

Photo 2: Grand photo of the execution team of Yuancoin Technology holding Spring Festival couplets in hand

Photo 3: A photo of the leader of Yuancoin Technology, important investors, and two awakened lions

About Yuan Coin Technology

YuanCoin Technology Group (YuanCoin Technology) is a financial platform that connects Web2 and Web3, using innovative financial technology to build a business world of mutual trust and interconnection. Yuancoin Technology is based in Hong Kong and faces the world, assisting enterprises in using financial services in a more convenient and cost-effective way, improving trade efficiency, and promoting Hong Kong's development as an Asian trade hub and international financial center. Learn more: https://rd.group

The innovative and secure solutions managed by a subsidiary of Yuancoin Technology include:

Yuan Coin Wallet:

Yuan Coin Wallet Technology Co., Ltd. (Yuan Coin Wallet) is a licensed holder of the Hong Kong Stored Value Payment Facility (SVF) license (license number: SVF0016), allowing global enterprises to open accounts remotely on their mobile phones anytime and anywhere, supporting multiple fiat currencies. Yuan Coin Wallet is committed to providing efficient, secure, and innovative payment solutions for businesses, promoting Hong Kong's development as an Asian trade hub and international financial center. Learn more: https://rd.group/products/wallet/

HKDR stablecoin (HKDR):

The HKDR stablecoin (HKDR) being researched and issued is a reliable and transparent stablecoin, equivalent to HKD 1:1. Its reserves are composed of high-quality and highly liquid assets, and will be properly stored in independent custody accounts of regulated financial institutions. The public can learn about reserve details through regularly published independent certification reports. Yuan Coin Innovation Technology Co., Ltd. is researching the issuance of HKDR stablecoins and will become one of the first issuers to participate in the Hong Kong Monetary Authority's stablecoin issuer sandbox in July 2024. Yuan Coin Innovation Technology Co., Ltd. will strictly comply with the regulatory requirements for issuing HKDR and contribute to the sustained development of Hong Kong as a global hub for Web3 and virtual currencies.

Learn more: https://rd.group/hkdr