Red Date Technology
Red Date Technology is a Hong Kong-headquartered blockchain infrastructure firm, founded in 2014, that builds enterprise and government platforms for multi-chain deployment, regulated digital currencies, and decentralized identity, serving as the technical architect of China's BSN and the global UDPN consortium.
- Company typePrivate
- Founded2014
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Red Date Technology does
Red Date Technology is a Hong Kong-headquartered blockchain infrastructure company founded in 2014, with additional offices in Beijing and Xi'an, that designs and operates enterprise and government-grade platforms for distributed ledger deployment, regulated digital currency, and decentralized digital identity. The company is the technical architect of China's Blockchain-based Service Network (BSN), a multi-chain infrastructure network launched in 2018 under the governance of the China State Information Center, and of the Universal Digital Payments Network (UDPN), a global initiative connecting CBDCs, tokenized deposits, and regulated stablecoins. Its product portfolio is organized in three solution areas: blockchain infrastructure (RDCloud Suite, RDCloud Enterprise, RD Bridge), digital currency technologies (UDPN Token-based Core Banking System, UDPN Kissen Network), and government decentralized identity and verifiable credentials (Gov DID/VC Platform, OpenDID Gateway/Oracle, Web3 KYC Services), with the RealDID system branded as the world's first national-level decentralized identifier deployment.
The company monetizes primarily through enterprise software licensing and platform fees, professional services for government DID/VC and digital currency deployments, and partnership-driven distribution of its BaaS capabilities through cloud providers such as CloudSigma and regional partners such as Virtual Vision (V2) in Saudi Arabia. Its go-to-market combines direct enterprise and government field sales, channel partnerships with cloud providers and system integrators (GFT, Fujifilm Business Innovation, G+D), and thought-leadership activity at industry events such as the Digital Identity Global Summit 2025. Named customers span provincial government (Hainan), cloud and telecom (CloudSigma, Virtual Vision), enterprise technology (Fujifilm Business Innovation HK, Blockdaemon), healthcare/insurance (MediConCen), and financial infrastructure (Hong Kong Stablecoin FX & Swap Hub), with deployments and partnerships reported across China, Singapore, Germany, Saudi Arabia, and Hong Kong. The company is privately held, venture-backed by a $30 million Series A in June 2021 led by Kenetic Capital and Prosperity7 Ventures (Aramco Ventures), and led by founder and CEO Yifan He.
Red Date Technology firmographics
Firmographics- Name
- Red Date Technology
- Legal name
- Red Date (Hong Kong) Technology Limited
- Website
- https://reddatetech.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Red Date Technology is a Hong Kong-headquartered blockchain infrastructure firm, founded in 2014, that builds enterprise and government platforms for multi-chain deployment, regulated digital currencies, and decentralized identity, serving as the technical architect of China's BSN and the global UDPN consortium.
- Ownership category
- akta.pro rank
Red Date Technology industry classification
Industry- Product category
- Blockchain Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL)
- akta.pro secondary industries
- Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE), Settlement, Clearing & Reconciliation for Tokenized Assets (DvP, PvP, netting, post-trade) (FSAPAIAI), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)
Keywords
Where Red Date Technology is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices3 records
Markets served
Red Date Technology business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Licensing and Platform Fees: Red Date Technology generates revenue through licensing of its blockchain infrastructure software platforms (RDCloud Suite, RDCloud Enterprise) and interoperability solutions (RD Bridge). These are deployed as enterprise software solutions in government and corporate environments, generating recurring licensing fees and support revenue.
- Digital Currency Technology Solutions: Revenue from providing token-based core banking systems and Kissen Network infrastructure for CBDCs, tokenized deposits, and regulated stablecoins. This covers both enterprise licensing and professional services for implementation.
- Government DID/VC Solutions: Revenue from decentralized identity platform deployment and integration services for government digital identity systems, including the Gov DID/VC Platform, OpenDID Gateway/Oracle, and Web3 KYC Services.
- Blockchain-as-a-Service (BaaS): BaaS platform revenue through cloud provider partnerships, enabling blockchain infrastructure capabilities for enterprise customers via cloud platforms. Revenue derived from enabling cloud operators to deliver BaaS to their enterprise customers.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Red Date Technology product offering
Product offeringCore offering
Red Date Technology develops and licenses enterprise blockchain infrastructure, digital currency systems, and government decentralized identity (DID) platforms. Its product suite covers Blockchain-as-a-Service (RDCloud Suite, RDCloud Enterprise), cross-chain interoperability (RD Bridge), token-based core banking (UDPN Token-based Core Banking System), cross-border CBDC settlement (UDPN Kissen Network), and government-grade identity verification (Gov DID/VC Platform, OpenDID Gateway/Oracle, Web3 KYC Services). The company is the technical architect behind China's Blockchain-based Service Network (BSN), serving government agencies, banks, cloud providers, and system integrators across China, Hong Kong, Singapore, Germany, and Saudi Arabia.
Product overview
Red Date Technology operates a multi-product platform organized across three core solution areas: Blockchain Infrastructure, Digital Currency Technologies, and Government DID/Verifiable Credential. The blockchain infrastructure portfolio includes RDCloud Suite (cloud-based BaaS delivery), RDCloud Enterprise (enterprise on-premises blockchain platform), and RD Bridge (cross-chain interoperability hub). The digital currency portfolio features the UDPN Token-based Core Banking System (core banking for tokenized digital money) and UDPN Kissen Network (cross-border settlement infrastructure). The government identity portfolio includes the Gov DID/VC Platform (decentralized government identity), OpenDID Gateway/Oracle (Web2/Web3 identity bridge), and Web3 KYC Services (privacy-preserving KYC for blockchain). These products work together as complementary layers addressing enterprise and government needs for blockchain deployment, digital currency management, and decentralized identity verification.
Differentiator
Problem solved
Functional benefit
Brands
- Blockchain-based Service Network (BSN): A public multiple-chain infrastructure network that enables the setup of both private and public distributed networks for deploying and operating all types of distributed applications. Founded in 2018 under the governance of the China State Information Center.
- UDPN
- RealDID
Products and services
- RDCloud Suite Cloud-based Blockchain-as-a-Service (BaaS) platform that enables private and public cloud operators to manage virtual machines and cloud resources for blockchain infrastructure and Web3 applications, allowing them to deliver multi-blockchain networks (public and permissioned) to enterprise customers.
- RDCloud Enterprise On-premises software platform for government, enterprise, and institutional customers that integrates blockchain-based environments into any public cloud, private cloud, or intranet, with full-lifecycle management of blockchain applications.
- RD Bridge On-premises blockchain interoperability system that enables seamless cross-chain communication and token swaps across multiple public and permissioned blockchain networks, supporting liquidity pool and mint/destroy swap models with proprietary cross-chain protocols.
- UDPN Token-based Core Banking System Next-generation on-premises core banking system that manages the full lifecycle of regulated token-based digital money (commercial stablecoin, tokenized deposit, CBDCs) across public or permissioned blockchain environments, with integrated AML/KYC, sanctions screening, postings, and reconciliation.
- UDPN Kissen Network Production-ready cross-border FX, settlement, and payments network for regulated token-based currencies that connects commercial bank-issued tokenized deposits and central bank wholesale CBDCs across diverse jurisdictions.
- Gov DID/VC Platform Platform that adds a decentralized layer on top of government digital identity databases using cryptography, zero-knowledge proofs, public chain, decentralized identifiers (DIDs), and verifiable credentials to transform identity and digital business credential verification.
- OpenDID Gateway/Oracle Universal infrastructure providing both Web3-based oracle and Web2-based gateway access methods to interconnect cryptography-based digital identity and DID systems across Web2, Web3, blockchain ecosystems, and jurisdictions.
- Web3 KYC Services Compliance infrastructure that enables public chain-based applications to perform real-name KYC on on-chain wallets and link government-backed DIDs to those wallets without exposing personal data, while safeguarding user privacy.
- Blockchain-based Service Network (BSN) Public multi-chain infrastructure network that enables enterprises and governments to set up and operate both private and public distributed networks for deploying distributed applications at lower cost, supporting both permissioned and public blockchain frameworks.
Quantifiable outcome
- Hainan Provincial Government blockchain platform manages human, logistics, and capital flows across the province through a unified environment supporting nine mainstream blockchain frameworks
- +2 more outcomes
Companies that use Red Date Technology
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Red Date Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature11 records
Red Date Technology partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, flagship and minor.
- Virtual Vision (V2)coreVirtual Vision (V2) integrates RDCloud Suite into its cloud infrastructure to become the first local BaaS provider in Saudi Arabia, delivering blockchain-as-a-service powered by Red Date Technology on a secure, high-speed network backed by major Saudi telecom providers.
- BlockdaemoncoreBlockdaemon joined as a founder of the BSN Spartan Network governing body, contributing to the governance and development of the Spartan Network infrastructure for public blockchain services.
- CloudSigmacoreCloudSigma integrates RDCloud Suite to expand its cloud-as-a-service portfolio with Blockchain-as-a-Service capabilities, enabling enterprise customers to access blockchain infrastructure through CloudSigma's global cloud federation network.
- Universal Digital Payments Network (UDPN) ConsortiumflagshipUDPN was launched as a global initiative to support seamless digital payments across multiple CBDCs and regulated stablecoins. Red Date Technology serves as a key technical contributor to this network, providing infrastructure for cross-border digital payments.
- Fujifilm Business Innovation Hong KongcoreCollaboration to enhance enterprises' access to public blockchain services. Fujifilm Business Innovation integrates Red Date's blockchain technology into its business innovation solutions portfolio for enterprise customers in Hong Kong.
- BSN Spartan NetworkflagshipBSN launched the global open-source Spartan Network to enable public IT systems. Red Date Technology as technical architect supports this initiative which aims to reignite public blockchain interest and expand BSN's global reach.
- INDUSTRIAminorBSN partnered with INDUSTRIA to expand into the UK market, enabling British enterprises to access BSN's blockchain infrastructure services and development tools.
- R3minorR3 established an innovation lab at Cyberport in Hong Kong to help Hong Kong FinTech companies seize CBDC opportunities. This supports Red Date's digital currency initiatives in the region.
- GFT TechnologiescoreGFT Technologies joined the CBMT Initiative together with UDPN and G+D to enable tokenized commercial bank money for a more digitalized financial system. GFT serves as technical service provider alongside Red Date Technology for global commercial bank deployments.
- Giesecke+Devrient (G+D)coreG+D partnered with UDPN and GFT on the CBMT Initiative to enable tokenized commercial bank money. G+D brings financial sector expertise and serves as technical service provider for the Commercial Bank Money Token project led by the German Banking Industry Committee.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Red Date Technology competitors and assessment
Company assessmentDirect peers
- Chainstack: Chainstack offers managed blockchain infrastructure across many protocols with enterprise SLAs, comparable to Red Date's RDCloud Suite and RDCloud Enterprise BaaS offerings. Both serve developers and enterprises deploying multi-chain applications with similar technical positioning.
- Alchemy: Alchemy is a leading blockchain developer platform providing APIs, node infrastructure, and developer tools across many chains. While more developer-focused than Red Date, both serve as multi-chain infrastructure providers enabling enterprise and Web3 application deployment.
- R3: R3 is the developer of Corda, an enterprise-grade distributed ledger technology focused on financial services institutions. It is directly comparable to Red Date as both target regulated banks and financial institutions for permissioned blockchain infrastructure and CBDC-related initiatives, with R3 having an established Hong Kong innovation lab footprint.
- Digital Asset: Digital Asset builds the Canton Network for enterprise blockchain and offers Daml smart contract language, with strong adoption among financial institutions including in CBDC and tokenization pilots. It is comparable to Red Date in targeting regulated institutions, interoperable permissioned networks, and digital asset infrastructure.
- Blockdaemon: Blockdaemon provides blockchain node infrastructure, staking, and APIs for institutions and is a founder of the BSN Spartan Network governing body alongside Red Date. It is comparable as a fellow blockchain infrastructure provider addressing institutional customers and is a partner within the BSN ecosystem.
Broad incumbents
- Polygon Labs: Polygon provides Ethereum scaling infrastructure and enterprise-focused chains including Polygon CDK for sovereign and enterprise chains. It is comparable to Red Date in offering enterprise multi-chain infrastructure and is increasingly active in CBDC and tokenization pilots.
- Oracle Blockchain Platform: Oracle Blockchain Platform offers enterprise-grade distributed ledger capabilities integrated with Oracle's cloud and enterprise applications. It is comparable to Red Date as enterprise blockchain infrastructure for regulated use cases but is part of Oracle's much broader enterprise software portfolio.
- IBM Blockchain: IBM offers enterprise blockchain platforms (IBM Blockchain Platform, Hyperledger Fabric-based services) targeting large enterprises and governments. It is comparable as an incumbent provider of permissioned blockchain infrastructure but operates as part of a much broader IT services portfolio.
- ConsenSys (Infura): ConsenSys builds Ethereum infrastructure (Infura, MetaMask) and enterprise tools serving a broad range of blockchain applications and institutions. It is comparable to Red Date as a major multi-chain infrastructure provider but operates at a much larger scale with a broader portfolio beyond regulated digital currency.
Others
- Hyperledger Foundation: Hyperledger (under the Linux Foundation) hosts open-source enterprise blockchain frameworks including Hyperledger Fabric and Besu that Red Date's products integrate with and support. It is comparable as a foundational layer in the enterprise permissioned blockchain ecosystem that Red Date builds upon.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Red Date Technology social profiles
Digital presenceRed Date Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
Red Date Technology leadership team
Management profileNumber of profiles
Profiles1 record
Red Date Technology funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Red Date Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Red Date Technology
What does Red Date Technology do?
Red Date Technology develops and licenses enterprise blockchain infrastructure, digital currency systems, and government decentralized identity (DID) platforms. Its product suite covers Blockchain-as-a-Service (RDCloud Suite, RDCloud Enterprise), cross-chain interoperability (RD Bridge), token-based core banking (UDPN Token-based Core Banking System), cross-border CBDC settlement (UDPN Kissen Network), and government-grade identity verification (Gov DID/VC Platform, OpenDID Gateway/Oracle, Web3 KYC Services). The company is the technical architect behind China's Blockchain-based Service Network (BSN), serving government agencies, banks, cloud providers, and system integrators across China, Hong Kong, Singapore, Germany, and Saudi Arabia.
Is Red Date Technology a public or private company?
Red Date Technology is a private company. It is classified as venture growth investor backed and is currently operating.
When was Red Date Technology founded?
Red Date Technology was founded in 2014. It employs 51 to 100 people.
Where is Red Date Technology based?
Red Date Technology is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does Red Date Technology make money?
Four revenue lines are on record. Software Licensing and Platform Fees are the primary driver. The others are digital Currency Technology Solutions, government DID/VC Solutions and blockchain-as-a-Service (BaaS).
Who are Red Date Technology's main competitors?
Direct peers on record are Chainstack, Alchemy, R3, Digital Asset and Blockdaemon. Broad incumbents are Polygon Labs, Oracle Blockchain Platform, IBM Blockchain and ConsenSys (Infura). Hyperledger Foundation is listed as an others.
Does Red Date Technology have an API?
No public API is recorded for Red Date Technology.
What industry is Red Date Technology in?
Red Date Technology's product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAIAL, Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned), with a secondary code of FSAPAIAE, Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls). Its NAICS code is 518210 and its SIC code is 6199.