OpenAsset secures 5 billion KRW investment from Dozen…Develops stablecoin payment service
Summary
- OpenAsset announced that it has secured a 5 billion KRW investment from Dozen.
- The two companies stated plans to launch an integrated service connecting stablecoins and Dozen's financial payment infrastructure.
- They also confirmed their pursuit of developing international remittance services and issuing a universal KRW stablecoin.
Blockchain fintech company OpenAsset announced on the 11th that it has secured a strategic investment worth 5 billion KRW from Dozen, a financial VAN (Value Added Network) service provider.
Through this collaboration, the two companies plan to launch an integrated service that connects OpenAsset's stablecoin issuance service 'OpenMint' and Dozen's financial payment infrastructure. This will enable hybrid financial services such as real-time conversion between bank accounts and stablecoins, as well as the application of foreign currency exchange kiosks.
In addition, they are jointly developing an international remittance service with reduced fees by combining Dozen's cross-border settlement network with OpenAsset's on-chain technology. OpenAsset is also pursuing the direct issuance of a universal KRW stablecoin, as well as a white-label issuance agency service for corporations.
Kyoung-eop Kim, CEO of OpenAsset, stated, "Based on Dozen's stable financial network, we will lay the groundwork for stablecoins to connect with real-life finances."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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