Search results for Etherfuse
Crypto
Digital asset alliances emerge as banks, brokerages and asset managers race to team up
South Korea\'s financial sector is moving competitively to form digital asset alliances, as brokerages expand exchange investment and token securities while banks and asset managers accelerate partnerships. Shinhan Financial Group signed an agreement with Visa to verify stablecoin platform functions and design models for the domestic market. Woori Bank and Coupang completed a proof of concept for real-time settlement. K Bank, Toss and Jeonbuk Bank also announced tie-ups, while some banks invest directly in custody firms as lawmakers debate digital asset legislation.
Finance
Banks-fintech boundaries blur as Korean online banks expand territory
The line between banks and fintech firms is fading as Capital One moves to buy B2B fintech Brex. Banks are buying companies to secure AI-based financial automation, while fintechs pursue banking licences to provide services directly. In South Korea, embedded finance is spreading as banks integrate services into apps and platforms. Competition among internet-only banks is also heating up ahead of an online loan-refinancing service for sole proprietors.
Finance
Shinhan Investment, Etherfuse pursue Korean government bond-based RWA cooperation
Shinhan Investment said on Tuesday it signed a strategic business agreement with Etherfuse, a global real-world asset platform company, to support issuance of a Stablebond backed by South Korean government bonds. Etherfuse plans to issue the product, while Shinhan Investment will not act as issuer or seller but will provide government bond brokerage and support for acquiring and managing the underlying assets. The Stablebond supports multiple public blockchains.