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Crypto

Lambda256 launches digital asset-linked settlement verification project with K Bank and KSNET

Lambda256, a Dunamu affiliate and blockchain company, said on July 7 it has begun a proof of concept with K Bank and KSNET on a digital asset off-ramp and on-chain AML and fraud detection technology. The project tests whether financial institutions can operate a model that converts settlement funds into won after digital asset payments. It covers FX application, settlement request creation, AML/FDS checks, payout approval, on-chain settlement and monitoring with suspicious transaction reporting.

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.

Crypto

Four Pillars raises Series A funding, targets shift to Web3 solutions

Blockchain research and technology company Four Pillars said it raised Series A funding from global investors Pantera Capital and Further Ventures. The round was led by Pantera Capital, a crypto-focused investment firm for institutional clients. Four Pillars said the financing valued the company at about 30 billion won on a post-money basis. It said it will rebrand as a Web3 Solution Company and focus on bridging Asia and global markets, translating between traditional finance and Web3, and expanding beyond research into solutions.