OpenAsset, a virtual asset financial infrastructure company, said on the 15th that it was selected as a partner company for NH NongHyup Bank's open innovation program "NH Open Business Hub." The two sides plan to pursue step-by-step collaboration in the virtual asset field, including technology demonstrations and proof of concept (PoC).
NH Open Business Hub is an open innovation program in which NongHyup Bank discovers promising technology corporations and provides collaboration across the NongHyup affiliates, PoC consulting, investment links, and support for global expansion. Each year, through an open call, it selects startups in artificial intelligence (AI), Blockchain, and everyday financial services, and continues collaboration matching with frontline departments at the bank and affiliates.
OpenAsset was selected as the final collaboration corporations after document screening and collaboration matching, recognized for its technological capabilities in Blockchain and virtual asset infrastructure and its applicability in the financial sector. The first collaboration between the two sides is a technology demonstration and PoC. The two sides agreed to concretize the collaboration tasks through working-level consultations. OpenAsset plans to showcase the experience accumulated in this process on the stage of "Korea Fintech Week," the largest domestic Fintech expo in the second half of the year.
Kim Gyeong-eop, CEO of OpenAsset, said, "This collaboration with NongHyup Bank is an opportunity to verify OpenAsset's digital asset infrastructure capabilities on the banking front lines," and added, "Based on infrastructure with the security, scalability, and operational stability required by financial institutions, we will create a variety of virtual asset businesses together with NongHyup Bank."