RD Technologies Showcases Upcoming HKDR Stablecoin on Official Website

RD Technologies, a Hong Kong–based fintech firm, has revealed further further details about its plans to launch HKDR, a Hong Kong dollar–pegged stablecoin. CEO Rita Liu said in a recent interview that stringent regulation for stablecoins is inevitable and that the ERC-3643 token standard, with its built-in features for identity verification and permissioned access, could offer a viable compliance framework for prospective issuers, financial institutions, and Virtual Asset Service Providers (VASPs) under Hong Kong's current regulatory regime.

The company's official website now displays HKDR as "coming soon" with a dedicated information page outlining the stablecoin's features and intended use cases. Liu stated that RD Technologies will make a full push to bring the product to market and expressed confidence in ultimately securing the necessary license to operate.

Regulatory Context in Hong Kong

ERC-3643 is an Ethereum-based token standard designed to embed regulatory requirements directly into the token's smart contracts, enabling controlled transfer rights and KYC checks. Hong Kong's new stablecoin legislation, which took effect on August 1, 2025, mandates licensing for all fiat-referenced stablecoin issuers, along with reserve management, redemption guarantees, and comprehensive risk controls.

RD Technologies has previously participated in the Hong Kong Monetary Authority's stablecoin sandbox and is positioning HKDR as a compliant, trusted digital currency fully backed 1:1 by Hong Kong dollar reserves. The company aims to leverage its regulatory alignment, banking partnerships, and technical infrastructure to be among the first wave of licensed issuers when the HKMA begins approvals, expected in early 2026.