--- title: "HashKey On-Chain Partners With RD Technologies to Test RDUSD on HSK Chain" description: "The collaboration targets institutional settlement, cross-border payments, and real-world asset trading using the Anchorage Digital Bank-issued stablecoin." url: https://basisdesk.news/news/hashkey-on-chain-rd-technologies-rdusd-testing-hsk-chain published: 2026-11-02T04:56:34.927Z modified: 2026-11-02T04:56:34.927Z section: Stablecoins & Payments author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [] tags: [RDUSD, HashKey, Anchorage Digital, HSK Chain, RWA, trade finance] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # HashKey On-Chain Partners With RD Technologies to Test RDUSD on HSK Chain The collaboration targets institutional settlement, cross-border payments, and real-world asset trading using the Anchorage Digital Bank-issued stablecoin. ## At a glance - **What happened:** HashKey On-Chain and RD Technologies partnered on Nov. 2, 2026, to conduct on-chain testing and ecosystem deployment for the RDUSD stablecoin on HSK Chain. - **Why it matters:** The collaboration links a federally chartered bank-issued stablecoin to an institutional Layer-2 network with over $300 million in real-world assets. - **Who is affected:** Institutional clients, cross-border trade enterprises, and real-world asset market participants using HashKey On-Chain and HSK Chain. - **What's next:** Technical deployment and testing of RDUSD across HSK Chain protocols and HashKey On-Chain's settlement platforms. - **Status:** announced - **Primary source:** [HashKey On-Chain and RD Technologies Form Deep Partnership to Support On-Chain Testing for RDUSD](https://www.prnewswire.com/news-releases/hashkey-on-chain-and-rd-technologies-form-deep-partnership-to-support-on-chain-testing-for-rdusd-302925965.html) — PR Newswire ## Key points - HashKey On-Chain and RD Technologies partnered to deploy and test the RDUSD stablecoin on the Ethereum Layer-2 network HSK Chain. - RDUSD is issued by Anchorage Digital Bank N.A. under the US GENIUS Act framework for corporate payments and institutional settlements. - Integration will target the HashKey Trading Portal, trade finance delivery-versus-payment systems, and automated enterprise settlements. ## Editorial remark - **Context:** RD Technologies, an early participant in the HKMA stablecoin issuer sandbox backed by over $90 million in venture funding, teamed with Anchorage Digital Bank to issue RDUSD for institutional compliance under the US GENIUS Act. - **Impact:** HSK Chain gains a bank-issued dollar instrument across its $300 million RWA ecosystem, opening compliant rails for import-export settlement, cash pooling, and CeDeFi liquidity via Morpho. - **Watch:** Deployment dates for the initial test phase on HSK Chain and subsequent rollout milestones across the HashKey Trading Portal and Settlement Platform. HashKey On-Chain has entered a strategic partnership with RD Technologies to conduct on-chain testing and deployment of the RDUSD stablecoin across its institutional ecosystem, the companies announced on Nov. 2, 2026 [1]. RDUSD is a US dollar-pegged stablecoin supported by RD Technologies and issued by Anchorage Digital Bank N.A., the first federally chartered digital asset bank in the United States [1]. Designed to adhere to the regulatory standards of the US GENIUS Act, the token is targeted at institutional treasury management, cross-border payments, and asset tokenization [1]. Under the agreement, the token will be deployed on HSK Chain, an institutional-grade Ethereum Layer-2 network [1]. ## Integration Across HashKey Financial Platforms HSK Chain currently hosts more than 200 projects and maintains an on-chain real-world asset footprint exceeding $300 million across money market funds, exchange-traded funds, and precious metals [1]. The network has also formed a CeDeFi alliance with Morpho to source institutional capital and on-chain yield [1]. Following test deployments, both firms plan to embed RDUSD into lending protocols, on-chain trading, and primary real-world asset subscriptions [1]. The initiative will also link RDUSD to three distinct HashKey On-Chain application platforms [1]: * **HashKey Trading Portal (HTP):** RDUSD will be used for trade settlement involving tokenized real-world asset instruments [1]. * **HashKey On-Chain Trade Finance Platform:** The stablecoin will serve as a continuous settlement mechanism for cross-border merchants, pairing with tokenized trade documentation to facilitate automated delivery-versus-payment execution via [smart contracts](https://basisdesk.news/news/what-are-smart-contracts) [1]. * **HashKey Settlement Platform (HSP):** Global enterprises will test the asset for treasury cash pooling, institutional disbursements, and programmatic clearing workflows designed for autonomous AI agents [1]. RD Technologies previously raised over $90 million from backers including HashKey Group, Sequoia China (HSG), and the Solana Foundation, and stands as an early participant in the Hong Kong Monetary Authority's stablecoin issuer sandbox [1]. Rachel Qiu, COO of HashKey On-Chain Business Group, and Rita Liu, CEO of RD Technologies, indicated that technical support and platform integration will continue rolling out as test phases advance [1]. ## Sources 1. [HashKey On-Chain and RD Technologies Form Deep Partnership to Support On-Chain Testing for RDUSD](https://www.prnewswire.com/news-releases/hashkey-on-chain-and-rd-technologies-form-deep-partnership-to-support-on-chain-testing-for-rdusd-302925965.html) — PR Newswire, 2026-11-02 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai