ZA Global, a Hong Kong-based digital finance firm, has led a $40 million Series A2 financing round for fintech firm RD Technologies (RD).

This strategic milestone accelerates the development of a regulated stablecoin ecosystem and next-generation Web3 financial infrastructure in Hong Kong, ZA Global said in a statement on Wednesday.

As the lead investor, ZA Global’s involvement underscores its strong conviction in RD’s long-term potential and vision in the regulated stablecoin space.

This strategic investment not only provides critical capital support but also signals ZA Global’s commitment to shaping a compliant, innovative digital financial hub in Hong Kong.

In conjunction with the funding, ZA Bank, ZA Global’s digital banking subsidiary, has signed a memorandum of understanding (MOU) with RD, building on their foundational partnership in reserve banking services established last year.

Under the new agreement, ZA Bank will further deepen its collaboration with RD across two key areas: Custodial Infrastructure and distribution partnership.

In terms of custodial infrastructure, ZA Bank will continue to expand its support for reserve asset custody needs, reinforcing trust and transparency in stablecoin issuance.

As for distribution partnership, ZA Bank also expresses its intent to become a distributor of compliant stablecoin, helping the possible introduction of digital asset solutions.

“As regulatory clarity and demand for compliant stablecoin
solutions continue to grow, our partnership with RD marks a milestone in aligning innovation with compliance,

“Together, we are shaping a secure and regulated digital finance ecosystem for Hong Kong and the wider region,” ZA Global President Wayne Xu said.

ZA Global is the international business arm of ZhongAn Online P & C Insurance, an online-only insurtech company in China.

Established in Hong Kong in 2017, ZA Global is focused on driving innovation and strategic growth across global fintech and insurtech markets.

Through partnerships with global institutions such as SoftBank Vision Fund and Grab, the company has broadened its footprint across Asia with a range of technology-led
financial services.

Its subsidiary, ZA Bank, launched in 2020 as Hong Kong’s first and largest digital bank, while ZA Insure—a joint venture with Fubon Life Insurance (Hong Kong) Company Limited—operates under a virtual insurer license granted by the Hong Kong Insurance Authority’s Fast Track program.

In recent years, ZA Global has also expanded into the Web3 space through strategic collaborations with leading digital asset platforms, including HashKey.

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