Hecto Group is committing capital to 'Hashed Venture Investment Fund No. 3' formed by global blockchain-focused investment firm Hashed, speeding up its entry into global markets.

Hecto Group affiliates Hecto Innovation and Hecto Financial said on April 20 they made a total strategic investment of 3 billion won in 'Hashed Venture Investment Fund No. 3' established by Hashed Ventures.

Hecto Group stressed the commitment is a strategic decision that goes beyond a simple financial investment, aimed at combining Hashed’s global Web3.0 ecosystem with Hecto Group’s financial and payments infrastructure.

Hecto Group plans to share Web3.0 and blockchain networks with global leading companies and accelerate efforts to find new growth engines.

Based on the Hashed network, Hecto Group will actively pursue global market expansion of new businesses such as digital asset wallets and stablecoin-based payments and settlements.

A Hecto Group official said, "This investment has expanded opportunities for strategic cooperation with the global Web3 ecosystem." The official added, "We plan to continue to identify competitive blockchain-based business models in global markets based on the group’s financial and payments infrastructure and its technological capabilities in digital asset wallets."

A Hashed official said, "Hecto Group is a company that has built solid trust over decades in the areas of payments, finance and security." The official added, "We expect that on-chain finance, through Hashed’s global Web3 network and Hecto Group’s capabilities, will be able to permeate users’ everyday lives more naturally."