, Hong Kong
294 views
Photo of Ronald Iu, CEO, ZA Bank.

ZA Bank rolls out reserve banking services to stablecoin issuers

It has on boarded RD InnoTech and is onboarding 10 other issuers.

ZA Bank is now offering reserve banking services for stablecoin issuers.

This makes it the first digital bank in Hong Kong to launch reserve banking services, ZA Bank said in a press release.

The roll-out follows the Hong Kong Monetary Authority’s (HKMA) recent initiative to open sandboxes for stablecoin issuers.

RD InnoTech Limited, one of the first batch of HKMA sandbox participants, will be the first to use ZA Bank’s reserve banking services. 

ZA Bank CEO Ronald Iu revealed that they are in the process of onboarding nearly 10 stablecoin clients, with more in the pipeline.

“By providing a secure and reliable banking infrastructure with greater security for users, we aim to build greater trust and confidence in the stablecoin market,” Iu said, adding that ZA Bank is committed to supporting the Web3 development

“[We] will continue to introduce more services and products in line with government policies, reinforcing Hong Kong’s position as a global virtual asset hub,” he added.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sri Lanka and Vietnam banks to boost 2025 financials
Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth
Retail Banking
What's in store for payments in 2025?
In emerging markets, digital wallets are evolving into bank account substitutes.
NRIC numbers alone cannot initiate payments, fund transfers: ABS
ABS advised customers to change their login passwords if they are using their NRIC number.