[Exclusive] Hashed holds private meeting with Tether executives…"Discussing investment partnership"

CEO Kim Seojun meets with Tether executives

Exploring cooperation measures such as collaboration with portfolio companies

"Highly values the potential of the Asian market"

It was confirmed that Kim Seojun, CEO of global web3 venture capital (VC) Hashed, met with executives of Tether, the world's number one stablecoin issuer, to discuss partnership measures.

According to industry sources on the 8th, Kim held a private meeting the previous day (7th) at a location in Seoul with Marco Dal Lago, Tether's vice president who recently visited Korea. The meeting was also attended by Quynh Le, Tether's head of the Asia-Pacific region.

On the agenda at this meeting was an investment partnership between Tether and Hashed. Specifically, the two sides explored strategies for expanding business in Asia and ways to collaborate with Hashed's portfolio companies.

In particular, Tether reportedly showed interest in the possibility of technical collaboration with blockchain startups that Hashed has invested in. A Hashed official said, "(Tether) highly values the potential of the Asian blockchain market," and "specific cooperation measures will be announced later."

During this visit, Tether executives also held consecutive meetings with major domestic financial institutions such as Shinhan Financial Group and KB Financial Group. An industry source explained, "Tether is showing serious interest in expanding its stablecoin business in the Korean market," and "it is a sign that as the domestic digital asset market becomes regulated more quickly, global stablecoin operators are accelerating their entry into the Korean market."

Meanwhile, Kim is one of the leading figures in the domestic blockchain industry. He discovered global blockchain projects early on, such as Ethereum (ETH), Aptos (APT), and Story (IP), growing Hashed into the country's largest web3 investor. In addition, Hashed's think tank Hashed Open Research has consistently raised the need to introduce a won-denominated stablecoin.