Circlecoin Technology completes nearly $40 million USD in Series A2 financing, led by Zhongan International and others.

On July 30th, Yuan Bic Technology announced the completion of nearly $40 million in Series A2 financing. This round of financing was jointly led by existing and new investors including Zhongan International, Central Bay International, Sparkle Investment, and Hivemind Capital. Other investors include Sequoia China, Seamless Digital Capital, Junshi Investment, and Guotai Junan International Private Equity Fund. Founded in 2020, Yuan Bic Technology is one of the earliest financial technology companies in Hong Kong to advocate for the development of stablecoins.