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Crypto

Optimism steps up Korea push, unveils ties with Dunamu, Toss and DB Financial Investment

Blockchain infrastructure company Optimism said it is stepping up its business in South Korea, disclosing partnerships with Dunamu’s GIWA blockchain, fintech firm Toss and DB Financial Investment. It plans to expand on-chain finance infrastructure for local financial institutions, fintech and digital asset companies through OP Enterprise. The firm said it has signed memorandums of understanding with Dunamu and Toss and will cooperate with DB Financial Investment on STO and RWA projects linked to Jeju.

Crypto

Toss tests Optimism infrastructure for won-pegged stablecoin

Viva Republica, operator of South Korean fintech app Toss, is launching a blockchain-based digital financial infrastructure proof of concept to review the feasibility of developing a won-pegged stablecoin. Toss said it signed a three-way memorandum of understanding with Layer 2 blockchain Optimism and privacy solution developer Sunnyside Labs. The three companies will run a three-month PoC to test whether Optimism’s OP Stack can be applied to domestic blockchain-based financial infrastructure.

Crypto

Base\'s Beryl upgrade nears, native token standard B20 to be introduced

Base, an Ethereum layer-2 network backed by Coinbase, has deployed its second upgrade, Beryl, to the Base Sepolia testnet, The Block reported. Mainnet activation is scheduled for June 25. The Base engineering team said Beryl introduces B20, a native token standard that enables direct issuance of assets such as stablecoins within node software. Standard withdrawal latency to Ethereum will be cut to 5 days from 7 days.