Chainlink Integration with RD Technologies to Power Hong Kong Dollar Stablecoin
NAIROBI (Coinchapter.com) – Chainlink, the leading decentralized oracle network, has announced a strategic integration with RD Technologies to use its advanced Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserves to support the Hong Kong Dollar-backed stablecoin HKDR.


Source: Chainlink
On May 7, Hong Kong-based fintech company RD Technologies unveiled plans to leverage Chainlink’s CCIP and Proof of Reserves to facilitate secure and reliable HKDR cross-chain transfers, thereby expanding the use of stablecoins. The Chainlink integration aims to enable faster and cheaper cross-border payments and ensure reliable transfers of tokenized real-world assets (RWA) using HKDR stablecoins.
Why choose CCIP?
Index Cooperative chose Chainlink CCIP because it has leading security and reliability in the industry. Chainlink's infrastructure has protected billions of dollars in on-chain value and enabled trillions of dollars in transactions. In addition, the Risk Management Network is an additional security layer in CCIP, providing critical protection for Index Cooperative.
Additionally, RD Technologies CEO Lina Liu highlighted the potential impact of HKDR, stating: “This integration will help promote the adoption of HKDR in cross-border payments, real-world asset tokenization, and other on-chain financial applications.”


Source: ChainLink
Additionally, Colin Cunningham, RWA and Alliance Lead at Chainlink Labs, highlighted the potential of tokenizing assets and streamlining cross-border transactions.
Alan Gawley, Head of Product at Index Cooperative, explained: “Chainlink’s long-standing commitment to security and reliability was why we chose CCIP. When it came to the bridge, we wanted to maximize security and minimize latency for our end users, and CCIP proved to be the best solution for Index Cooperative.”
Chainlink’s CCIP integration will play a key role in enabling secure and reliable cross-chain transfers of HKDR. CCIP is the industry standard for secure cross-chain interoperability, supported by Chainlink’s decentralized oracle network, which has secured tens of billions of dollars for smart contracts and enabled over $9 trillion in on-chain transaction value.
Active LINK draws interest
Whale Alert, which tracks large blockchain transactions, reported the transfer of 3.7 million LINK tokens (worth more than $53 million). This transfer between unknown wallets highlights the ongoing activity around Chainlink and its solutions.


LINK/USD 1-day price chart. Source: CoinGenko
As of writing, according to market data, LINK is trading at $13.84, down 3.72% in the past 24 hours, with an actual 24-hour trading volume of $164 million and a market capitalization of $8.1 billion. Although the current price is far from the highest point of $52.31 in May 2021, LINK has recovered from the lowest point of $4.98 in June 2023, showing resilience.