On the 30th, Hancom Group affiliate Hancomwith announced that it has signed a memorandum of understanding (MOU) with Danal to jointly promote a 'stablecoin-based digital financial service business.'
The agreement aims to combine the core competencies of both companies in the stablecoin sector, which has recently emerged as a key issue in the global financial market, to create synergies. Hancomwith plans to establish a new digital financial model that ensures both stability and convenience by linking its gold-based digital assets and security technology with Danal's robust payment infrastructure.
Starting with this agreement, the two companies will pursue diversified technology and business collaborations. Key collaboration areas include ▲ joint exploration of global financial service models ▲ kiosk-based financial service business for foreigners residing in Korea ▲ global security business that integrates post-quantum cryptography (PQC) and artificial intelligence (AI) facial recognition solutions ▲ joint marketing and partner company linkage. Through this, they plan to establish a comprehensive cooperative relationship aimed at expanding the global digital financial market beyond the domestic market.
To promote the business, each company is enhancing its core competencies. Danal has built a kiosk partnership infrastructure at major universities and commercial districts in Korea with the goal of activating its 'prepaid card service specialized for foreigners,' which is under development. Additionally, through its subsidiary Danal Fintech, it plans to introduce a non-custodial wallet equipped with stablecoin payment functionality by August.
Hancomwith is preparing its own digital financial platform in conjunction with its affiliate Arowana Hub and subsidiary Hancom Gold Exchange, using gold-based stablecoins as a new growth driver. The core Arowana Gold Token (AGT) is a stablecoin that is linked to physical gold on a one-to-one basis. Arowana Hub plans to secure trust by applying a proof of reserve (PoR) system through external audits and linking to international gold prices via Chainlink oracles for asset price stability and collateral verification.
Jin Chang-young, head of Danal's business division, said, 'I will focus on providing differentiated financial services that blend security and AI technology throughout everyday life, along with the rapid launch of stablecoin-based electronic financial services.' He added, 'In particular, the kiosk financial service for foreigners residing in Korea is expected to quickly activate in line with market demand.'
Song Sang-yeop, CEO of Hancomwith, noted, 'Since we have prepared gold-based digital financial services for some time, I expect that collaborating with Danal, a leading company in virtual asset payments, will allow us to pursue a wider variety of business models.' He emphasized, 'In the future, we will combine both companies' expertise to present optimized digital financial services in line with changes in the digital currency market.'