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Crypto

Hekto Innovation, BEATOZ to cooperate on hybrid blockchain stablecoin business

IT information services firm Hekto Innovation signed a memorandum of understanding with digital finance infrastructure company BEATOZ to cooperate on a hybrid blockchain-based stablecoin business, it said on Aug. 13. The companies plan to combine blockchain infrastructure and digital asset wallet technology to work across stablecoin issuance, distribution and use. They will launch a proof of concept verifying processes from issuance to burning, using Hekto Group employee welfare points in a limited environment.

Finance

Hekto Innovation enters execution phase for stablecoin payments centered on wallets

IT-based information services company Hekto Innovation said on Tuesday it is moving into the execution phase of its mid- to long-term growth strategy by building a stablecoin payment ecosystem centered on a digital-asset wallet. The company aims to link wallets, payments and platforms to connect customer data and boost retention. Subsidiaries Hekto Financial and Hekto Wallet One will lead payment settlement and wallet infrastructure, with expansion plans spanning domestic and global networks.