Blockchain infrastructure company DSRV said on Tuesday it has secured a strategic investment from Kyobo Group. DSRV and Kyobo Group plan to jointly review the potential use of blockchain technology within the financial industry and to push related cooperation tasks in stages.
The two agreed to cooperate on building stablecoin-based payment, settlement and clearing infrastructure, on projects linking virtual asset custody and validator infrastructure, and on joint research into blockchain-based financial services as well as proof-of-concept and demonstration projects.
DSRV Vice President Jae-hong Kim (김재홍) said Kyobo Group's strategic investment was a meaningful milestone showing that DSRV's blockchain technology has reliability and effectiveness that meet the standards of the traditional financial industry. He said the company would continue to advance blockchain infrastructure that can be applied in real financial environments across areas including payment and settlement, custody and validation infrastructure.
Chi-gyu Hwang
delight@d-today.co.kr