According to Foresight News, digital asset custody and wallet technology provider Cobo has announced a strategic partnership with RD Technologies. Under this collaboration, Cobo will become the preferred wallet partner for the Hong Kong dollar stablecoin HKDR. The two companies aim to explore and promote the widespread application of HKDR, injecting new vitality into Hong Kong's digital finance sector.

Previously, on July 18, RD Technologies announced that its subsidiary, RD InnoTech Limited, had been included in the Hong Kong Monetary Authority's (HKMA) sandbox program for stablecoin issuers. As one of the first entities to join the sandbox, RD Technologies will conduct various use case tests for its proprietary HKDR stablecoin, including digital asset trading and cross-border trade payments.