Blockchain wallet infrastructure company Hecto Walletone is expanding the coverage of its wallet development API service, Octet, to domestic blockchain networks. It plans to newly support the Giwa and Maru testnet APIs to help Web3 service companies develop wallets and verify stablecoin-based services.

Hecto Walletone said on Sunday it is newly adding support for the Giwa and Maru testnets to Octet, its wallet development API service.

With the expanded support, Web3 service developers can link Octet developer tools and testnet APIs without building separate blockchain servers to implement transaction tests, smart contract deployment and token transfers.

Giwa and Maru are mainnets being built by companies in South Korea's digital asset ecosystem, and are drawing attention as next-generation digital finance infrastructure including stablecoins. With the addition of the testnets, the number of mainnets supported by Octet has increased to 24.

Octet is a digital asset wallet infrastructure service that provides blockchain node setup and management in an API format. It offers wallet creation, key management and asset monitoring, along with development, security and management systems, as software as a service to reduce the burden of Web3 service development.

According to Hecto Walletone's own tally, directly developing a wallet takes about 60 days, but using Octet can cut the build period to around 5 days at most. It also said required development staff can be about one-fifth of what is needed for direct development.

Octet has strengthened security based on multisig and MPC technologies. It is currently used by large financial institutions, virtual asset service providers and corporate wallet services.

Hecto Walletone said it plans to expand its response to stablecoins and mainnet ecosystems at home and abroad by advancing Octet's infrastructure. It aims to provide an integrated offering ranging from building global stablecoin infrastructure to wallet services aligned with virtual asset regulations, and to broaden cooperation with financial institutions and platform companies.

A Hecto Walletone official said support for the Giwa and Maru testnets is intended to help South Korean companies preparing Web3 services develop stablecoin-based services in a stable environment. The official said the company will expand Octet's infrastructure to present standards for convergence services combining finance and blockchain, including stablecoin payments and its embedded wallet, Ohi Wallet.