Danal, BlockWaveLabs investment underway..."Accelerating stablecoin commercialization"

Danal announced on the 21st that it will proceed with a strategic investment and technical cooperation in artificial intelligence (AI) and blockchain technology company BlockWaveLabs (BlockWaveLabs, hereinafter BWL). Through this, it plans to strengthen the scalability of the SaaS (Stablecoin-as-a-Service) platform scheduled to be launched within the year.

The investment was made through its affiliate Danal Investment Partners. It is described as a strategic investment to secure additional technical options for the stablecoin platform already being stably developed with Danal Fintech and to further solidify its market-leading position.

Currently, Danal's SaaS platform provides integrated support for the entire process related to stablecoins, including issuance, distribution, payment, and settlement. It has also secured structural competitiveness that is difficult for the industry to catch up with in a short period, such as support for the Korean won, corporate-customized issuance, and direct merchant receipt. In addition, together with BWL, it plans to further strengthen AI-based security, web3 compatibility, and the on-chain real-time processing environment to expand its service scope to meet more global demand.

A Danal official said, "This strategic investment will support the rapid popularization and strengthening of the global competitiveness of the SaaS platform, which boasts a high level of completion," adding, "We will lead market trends by providing a unique payment environment that allows domestic and foreign companies to adopt stablecoin technology more easily and more stably."