# IDA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ida-2

- Industry: Financial Services
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.idafi.xyz
- Total disclosed funding: $6M
- Latest round: Seed (Sep 2, 2024)
- Investors on record: 10

## About

Founded in 2024 and based in Hong Kong, IDA operates as a financial service company that focuses on the research and development of stablecoin, HKDA. The company cooperated with CMCC Global, Kenetic, polygon CDK, and other enterprises. In September 2024, IDA raised a seed funding for USD 6 million.

The company is mainly engaged in the research and development of digital asset-related technologies and products. It mainly provides the fiat reference stablecoin HKDA, and other stablecoins pegged to the US dollar. It adopts technologies such as financial technology and Web3.

The company generates revenue by providing fiat reference stablecoin HKDA.

The company will use the seed funding to advance the development and issuance of its first fiat-referenced stablecoin HKDA. The company plans to launch HKDA by the end of 2024 and strive to obtain regulatory clarity in early 2025.

## Funding rounds

- Seed, Sep 2, 2024, $6M — Brinc, Hack VC, Kenetic Capital, Hashed Ventures, CMCC Global, GSR, SNZ Capital, Chorus One AG, Protagonist, Anagram

## Investors

- Brinc (https://capitalatlas.ai/funds/brinc) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- CMCC Global (https://capitalatlas.ai/funds/cmcc-global) — Seed
- GSR — Seed
- SNZ Capital (https://capitalatlas.ai/funds/snz-capital) — Seed
- Chorus One AG — Seed
- Protagonist (https://capitalatlas.ai/funds/protagonist) — Seed
- Anagram — Seed