Search results for Sunnyside Labs
Crypto
Toss to work with Kyobo Life on use of digital assets in financial services
Viva Republica, operator of South Korean finance app Toss, is partnering with Kyobo Life Insurance to explore ways to apply digital assets to financial services such as insurance. Toss said it signed a memorandum of understanding on Aug. 7 to cooperate on building a digital-asset ecosystem and services. The two plan to pursue a proof of concept, share information to set standards compliant with regulations and assess areas where digital assets could be used in practice.
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
South Korea to become technology contributor beyond trading, Ethereum Korea Consortium launches
The Ethereum Korea Consortium launched in Seoul on April 14, saying it will serve as a private-sector cooperation platform linking the Korean and global Ethereum ecosystems. Formed around Web3 community builder Nonce Classic, the group includes 10 companies and will divide work across community, infrastructure, institutional bridge, and media and content. It plans a flagship conference in September and will allocate half of member sponsorship funds to grants for developer communities and Ethereum public goods.