IT-based information services company Hecto Innovation will hold a briefing for domestic investors and disclose its stablecoin business blueprint.

Hecto Innovation will hold a corporate briefing on its global business strategy on the 9th to improve investor understanding and boost corporate value.

Ahead of a disclosure on the matter, reports on a political proposal to use digital assets to reach KOSDAQ 3,000 led to a stream of participation inquiries from institutional investors and analysts, the company said.

Hecto Innovation stepped up its stablecoin business in September last year by acquiring blockchain wallet infrastructure technology company Hecto Wallet One. Hecto Wallet One is a virtual asset service provider with blockchain wallet infrastructure technology. Among domestic companies holding VASP licences, 40 percent use Hecto Wallet One's services. Hecto Wallet One supplies the B2B wallet infrastructure solution Octet and the B2C wallet service Ohai Wallet to the finance, fintech and retail industries.

Through the briefing, Hecto Innovation will unveil its Hectog stablecoin business strategy. It will explain why it is focusing on digital asset wallets, including customer acquisition and lock-in effects through a virtuous cycle between payments and digital asset wallets. It will also highlight its plans for global expansion.

Hecto Innovation emphasises that digital asset wallets are a gateway to Web3. It says digital asset wallets are essential blockchain ecosystem infrastructure, covering everything from storing private keys and sending and receiving virtual assets to accessing and using Web3 services.

Once domestic legislation on stablecoins is completed, demand is expected to expand for both corporate and personal wallets. Overseas, wallet-related companies such as Fireblocks and BitGo are already being valued at tens of trillions of won.

Hecto Innovation plans to internalise digital asset wallet technology through Hecto Wallet One and expand its accumulated expertise in authentication and security into the Web3 environment. It also expects synergies from being able to target the B2C market with digital asset wallets. Hecto Innovation has built experience since 2022 by developing and operating various platforms. It expects its business experience, platform development service capabilities and customer base to be major assets for expanding services.

Its fintech subsidiary Hecto Financial has capabilities to distribute stablecoins in global markets, and the company expects direct synergies with digital asset wallets. Hecto Financial is building a cross-border payment hub network by expanding stablecoin infrastructure and its global network. It plans to provide various services in line with the institutionalisation of the stablecoin market by establishing cooperative ties with global companies.

A Hecto Innovation official said the company will provide a detailed explanation of the stablecoin ecosystem it is building through the briefing. The official said Hecto Innovation will handle the B2C area centred on digital asset wallets, while Hecto Financial will provide services in the B2B area. The official said the two will build an independent ecosystem through an organic connection.