Dunamu Signs MOU With Circle to Foster Healthy Innovation in South Korea’s Digital-Asset Market

Dunamu, a South Korean blockchain and fintech company led by Chief Executive Officer Oh Kyung-seok, said May 13 that it had signed a broad memorandum of understanding with Circle, the global internet financial platform headed by Chief Executive Officer Jeremy Allaire.

The companies will work together to support the healthy development of the digital-asset market. They agreed to cooperate on shared priorities including education, regulatory compliance and transparency. As a first step, they are discussing broad educational initiatives spanning digital assets, including stablecoins. The aim is to improve market participants’ access to information and help build a trusted digital-asset ecosystem in South Korea.

Under the MOU, the two companies will continue to work closely to promote healthy innovation in South Korea’s digital-asset market.

Oh said he was pleased to partner with Circle, citing its experience operating a regulation-friendly digital-asset business. Dunamu will work to help build a sound digital-asset ecosystem within the institutional framework, he added.

Allaire said South Korea is a very important market for digital-asset innovation. He added that he was pleased to partner with Dunamu to accelerate education and responsible innovation based on strong regulatory compliance.

Lee Min-jae, Korea Economic TV reporter, tobemj@wowtv.co.kr