Web3 enabler Parameta said on Thursday it signed a strategic memorandum of understanding with RiskX, an AI company specialising in structured-product design, recommendation and hedging, to build a platform for onboarding global investors into digital bonds and structured products.
The agreement aims to combine RiskX’s financial product analysis capabilities with Parameta’s blockchain infrastructure to lay the groundwork for global investors to access South Korean financial products.
The companies said they will explore practical business cooperation in areas including cross-border investor onboarding, more efficient payments and settlement, and financial service innovation.
RiskX is a fintech company that uses AI to analyse complex structured derivative products such as equity-linked securities (ELS) and provides services that design and recommend products suited to investors’ risk preferences. Parameta has blockchain and stablecoin technology.
The companies plan to use the agreement as a starting point to combine their expertise and flesh out a business model to help global investors access South Korea’s high-quality financial products.
They will jointly review ways to integrate on-chain know-your-customer checks and stablecoin infrastructure from Parameta’s stablecoin platform ParaSta into RiskX’s financial product distribution network. They plan to digitise the entire process from investor identity verification to payment and settlement, and to pursue commercialisation and a proof-of-concept project for a “next-generation global investment platform” that removes inefficiencies in cross-border investment.
Kim Jong-hyup (김종협), Parameta’s chief executive, said the agreement is meaningful because it seeks synergy beyond a simple technology partnership by combining digital asset technology with real financial business. He said the company will work with RiskX to build innovative financial services that can compete in the global market.