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Search results for BNK Busan Bank

Crypto

K-STAR verifies blockchain-based digital local currency with BNK Busan Bank

K-STAR, a technology alliance for a won stablecoin-based digital currency infrastructure involving AhnLab Blockchain Company, said on Sunday it completed a proof of concept with BNK Busan Bank to verify blockchain-based payment and settlement infrastructure for digitising local currency. The project aimed to implement an end-to-end policy-based local currency with embedded conditions such as usage locations and validity periods, and to test operational feasibility in a real financial environment.

Finance

BNK Financial forms 50 billion won productive finance strategic fund

BNK Financial Group is launching productive finance investment to foster strategic industries in South Korea’s Southeast region and nurture local innovative companies. The group said it has completed the formation of the 50 billion won BNK Productive Finance Strategic Fund and will begin full-scale investment. The fund aligns with Chairman Bin Dae-in’s second-term management direction and serves as a group-level investment platform.

Crypto

Danal Fintech, BNK Busan Bank complete won stablecoin payment PoC

Danal Fintech and BNK Busan Bank have completed a second technical verification of a won stablecoin platform, testing processing speed and stability needed for commercial service. The test used Danal Fintech\'s SaaS-based platform, Ieum, and included a dedicated bank test app, admin dashboard and a model reflecting the current local currency structure. The partners validated key functions and built a dedicated subnet, cutting response time to about 0.3 seconds.