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IDA Finance Hong Kong Limited
IDA is a Hong Kong-based digital asset technology company focused on leveraging blockchain to create a more inclusive global marketplace. They specialize in stablecoin solutions, such as HKDA, to enhance trust, transparency, and speed in global payments and commerce. IDA aims to promote the adoption of blockchain finance, help businesses integrate Web2 and Web3 technologies, and establish Hong Kong as a major digital asset hub. The company notes it is not currently licensed by the HKMA or SFC.
Hong Kong, HK
Description
IDA is a digital asset technology company based in Hong Kong, dedicated to leveraging blockchain to enhance the global marketplace through improved trust, transparency, and speed in payments and commerce. The company focuses on driving the widespread adoption of blockchain finance and assisting businesses in bridging the gap between Web2 and Web3. A key initiative is the HKDA, a fiat-referenced stablecoin designed to be 100% backed by reserve assets in regulated Hong Kong institutions and redeemable 1:1 with its fiat currency. HKDA aims to facilitate seamless global commerce and payments, with applications in trade between Hong Kong and the Middle East, e-commerce settlements, cross-border payments, and digital asset trading. IDA's vision is to establish Hong Kong as a premier global digital asset hub, attracting foreign investment and commerce, particularly from nations in the Belt and Road Initiative. The company operates the website idafi.xyz and emphasizes that it is not currently licensed by the Hong Kong Monetary Authority (HKMA) or the Securities and Futures Commission (SFC), and its content is for informational purposes only.Grant Funding
VC Funding
None
2024
$0
$6M