In Techteryx Ltd v First Digital Trust Ltd & Ors [2025] HKCFI 4032, a stablecoin provider (Techteryx) sought the appointment of receivers over interests its Hong Kong custodian (FDT) had in US$456m of investments made on Techteryx’s behalf in a commodities investment Fund operating out of Cayman and Dubai. Techteryx contended that payments to Dubai […]