According to Foresight News, digital asset custody and wallet technology provider Cobo announced a strategic partnership with RD Technologies, and Cobo will become the preferred wallet partner for the Hong Kong dollar stablecoin HKDR.

Previously, on July 18, RD InnoTech announced that its subsidiary RD InnoTech Limited has been included in the Hong Kong Monetary Authority (HKMA)’s stablecoin issuer sandbox program. RD InnoTech will test HKDR in a variety of use cases such as digital asset trading and cross-border trade payments.