Address

IDA Finance Hong Kong Ltd
Hong Kong SAR China

Open Map

Website
https://www.idafi.xyz
Social links: 
  
  
Industry
6499 Other financial services, except insurance and pension funding, n.e.c.
Business classification
Blockchain & Cryptocurrency (NEC)
Tags
blockchain
fintech
stablecoins

VCID: 17603843
http://vcinvest.com/node/17603843
Profile

Corporate information

Official name
IDA Finance Hong Kong Limited
Also known as
IDA

Registration country
Hong Kong SAR China

Affiliated entities

HKDA
Investment activity status
Active investor

Company type

Hong Kong-based digital asset company.

Overview

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.

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