// HKDA is designed to streamline commerce and payments between Hong Kong and global markets, simplifying cross-border trade payments. Each token will be fully backed by at least 100% reserve assets held in regulated Hong Kong institutions.
The seed funding round saw participation from other notable investors, including Hack VC, Anagram, GSR, Protagonist, and angel investors like Solana’s co-founder Raj Gokal. Additionally, blockchain foundations from Solana, Polygon, Aptos, and Mantra have joined forces with IDA as strategic partners. https://coinedition.com/ida-raises-6m-to-launch-hong-kong-dollar-backed-stablecoin/ //