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Search results for Fireblocks

Finance

P2P lenders gain momentum as rules ease; financial CEO appointments gather pace

Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.

Crypto

Kakao group expands digital asset ties with Grab, SCBX and others

Kakao group is expanding cooperation with domestic and overseas platform, financial and digital asset companies to build a won stablecoin ecosystem. Kakao, KakaoBank and KakaoPay signed MOUs with firms including Grab, SCBX, Kyobo Life Insurance and Bonanza Factory. The group is preparing collaboration across issuance, distribution, payments and remittances. It is also pursuing partnerships with Circle Internet Group and Fireblocks to build digital asset infrastructure.

Crypto

KakaoPay, KakaoBank to work with Fireblocks on stablecoin infrastructure

KakaoPay and KakaoBank will work with global digital asset infrastructure firm Fireblocks to build domestic distribution infrastructure centered on stablecoins. The two companies said on Sept. 22 they signed a memorandum of understanding with Fireblocks to help build South Korea’s digital asset ecosystem. The three will analyze infrastructure demand, explore business opportunities and review solutions suited to domestic regulation, security and service conditions. They also plan to identify proof-of-concept opportunities.