Golden Finance reported that RD Technologies completed a US$7.8 million Series A1 financing round, with participation from Sequoia China, Hivemind Capital, Aptos Lab, Hash Global, SNZ Capital, Solana Foundation, Anagram and Upward Capital. The funds raised will enable RD Technologies to connect the Web2 and Web3 worlds and continue to contribute to the construction of Hong Kong's Web3 ecosystem. Previously, RD Technologies announced on July 18 that its subsidiary RD Innovation Technology Co., Ltd. had been included in the Hong Kong Monetary Authority's Stablecoin Issuer Sandbox Program. RD Technologies will test its Hong Kong dollar stablecoin operation plan in the HKMA sandbox. In addition, RD Wallet Technology Co., Ltd., another subsidiary of RD Technologies, has been issued a stored value payment facility (SVF) license by the HKMA and will be officially operational by the end of 2023.