Tag: IDA

Hong Kong-based digital asset custodian Hex Trust has teamed up with fintech company IDA to deliver institutional-grade custody services for IDA's stablecoin products. This partnership aims to enhance cross-border commerce and digital payments, ensuring secure and compliant custody solutions for IDA's stablecoin operations. Hex Trust, known for its multi-jurisdictional licenses ...

EVIDENT has partnered with IDA Finance Hong Kong Limited to tokenize and distribute revenue-based financing (RBF) investment instruments on the Micro Connect (Macao) Financial Assets Exchange (MCEX). This collaboration aims to integrate blockchain technology into traditional finance by focusing on tokenizing, distributing, and settling RBF investments using stablecoins. The partnership ...

IDA Finance Hong Kong Limited and Quinlan & Associates have jointly released a report that examines the transformative potential of regulated stablecoins as reliable legal tender for real-world payments, both locally and globally. The report titled "From Digital Currency to Legal Tender: The Role of Regulated Stablecoins in Driving Real-World ...

Hong Kong-based stablecoin issuer IDA has entered into a strategic partnership with Zand Bank, the UAE's first fully licensed digital bank, to enable efficient, cost-effective cross-border transactions across Belt and Road regions and BRICS Plus countries. According to a recent press release, this partnership will provide businesses with streamlined, 24/7 ...

Hong Kong-based digital asset issuer IDA Finance has announced plans to integrate Chainlink’s services into its forthcoming HKDA stablecoin, which will be backed by the Hong Kong dollar. According to an October 9 announcement, the issuer is trying to enhance transparency and ensure secure cross-chain operations for the fiat-backed stablecoin.  ...

IDA, a Hong Kong-based digital asset firm, has secured $6 million in seed funding to develop its inaugural fiat-backed and regulated stablecoin, HKD. The investment round was led by CMCC Global’s Titan Fund and Hashed.  In a press release on September 2, IDA revealed that its $6 million seed funding ...