Yuan Coin Technology raises nearly $40 million in financing to promote the development of digital currencies

According to Securities Times, Yuancoin Technology has successfully completed nearly $40 million in Series A2 financing, led by Zhong'an International, Zhongwan International, and others. The company has previously completed a $7.8 million Series A1 funding round. This round of financing demonstrates investors' confidence in Yuancoin Technology's vision of driving a new stage of digital currency trading and asset tokenization through secure and stable coin infrastructure. Yuancoin Technology was founded in 2020 and is one of the earliest fintech companies in Hong Kong to advocate for the development of stablecoins. It has signed a strategic cooperation memorandum with Zhong'an Bank to jointly explore the compliant application of stablecoins in financial services.