Address
IDA Finance Hong Kong Ltd
Hong Kong SAR China
VCID: 17603843
Profile
Corporate information
Official name
IDA Finance Hong Kong Limited
Also known as
IDA
Registration country
Affiliated entities
Affiliated entities
Company type
Hong Kong-based digital asset company.IDA is a digital asset technology company spearheading the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3. HKDA, a fiat-referenced stablecoin built on public blockchain protocols, will be the first product launched by IDA. HKDA is designed to drive enhanced digital connectivity for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating HKDA will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions. To maximize the network effect of HKDA for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption and widespread acceptance of HKDA as a payment and settlement digital currency. In subsequent phases, IDA will also launch key products denominated in other US Dollar (USD) pegged currencies with ecosystem partners across regulated financial institutions and Web3 platforms.
Team
Current employees
|
Lawrence Chu | (from Jan 2024) |
Funding
Funding rounds
Seed USD 6,000,000
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
#Hashed | Global, early stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency. | South Korea | Initial investment. Led the round. |
|
CMCC Global | One of Asia’s first venture capital investors focused solely on blockchain technology, with offices in North America and Asia. | investment via Titan Fund, Initial investment. Led the round. | |
|
Titan Fund | Initial investment. Led the round. | ||
|
Anagram | Cayman Islands | Initial investment. Round participant. | |
|
Brinc Ltd | Initial investment. Round participant. | ||
|
Chorus One AG | Switzerland | Initial investment. Round participant. | |
|
GSR | Trading firm in the cryptocurrency ecosystem. | United Kingdom | Initial investment. Round participant. |
|
Hack VC Management LLC | Venture capital firm investing in early-stage Web3 startups. | Initial investment. Round participant. | |
|
Kenetic Capital Ltd | Venture capital fund investing in equity of Series A / B blockchain technology companies. | Hong Kong SAR China | Initial investment. Round participant. |
|
Protagonist Management LLC | Venture capital firm focused on backing early-stage emerging technology businesses. | Initial investment. Round participant. | |
|
Raj Gokal | Initial investment. Round participant. | ||
|
SNZ Holding | China | Initial investment. Round participant. | |
|
Yolo Investments | Estonia | Initial investment. Round participant. |
Cap Table
Current and past shareholders
| Investor | Contacts | Round | |
|---|---|---|---|
|
|
#Hashed Global, early stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency. |
Seed | |
|
|
Anagram |
Seed | |
|
|
Brinc Ltd |
Seed | |
|
|
Chorus One AG |
Seed | |
|
|
CMCC Global One of Asia’s first venture capital investors focused solely on blockchain technology, with offices in North America and Asia. |
Seed | |
|
|
GSR Trading firm in the cryptocurrency ecosystem. |
Seed | |
|
|
Hack VC Management LLC Venture capital firm investing in early-stage Web3 startups. |
Seed | |
|
|
Kenetic Capital Ltd Venture capital fund investing in equity of Series A / B blockchain technology companies. |
+852 3890-7000 |
Seed |
|
|
Protagonist Management LLC Venture capital firm focused on backing early-stage emerging technology businesses. |
Seed | |
|
|
Raj Gokal |
Seed | |
|
|
SNZ Holding |
Seed | |
|
|
Titan Fund |
Seed | |
|
|
Yolo Investments |
Seed |