ATON said on the 15th that it won a contract to build a system to support KB Kookmin Bank's "Project Hangang phase two." It secured the KB Kookmin Bank project after building the response system for NH Nonghyup Bank's Project Hangang phase one.
Project Hangang phase two is a project that, based on phase one's live-transaction experiment, prepares for the formal introduction of a digital currency system and the commercialization of deposits tokens.
ATON will implement new features and convenience functions proposed by the Bank of Korea. It will also handle the response system for a pilot project related to building electric-vehicle charging infrastructure that executes treasury funds as deposits tokens. The project's system will be designed with a flexible structure so it can expand into various innovative services in the future.
ATON has pursued its digital asset business based on its digital asset platform VANTAGE. It completed a proof of concept (PoC) for a won-pegged stablecoin and security token offerings (STOs) convergence model based on K-pop content with NH Nonghyup Bank and Musicow. It also joined as a technology partner in a project pushed by Shinhan Card with global web 3.0 companies including Visa, Mastercard, and Solana, and verified a stablecoin-based direct payment (W2W) model.
Chief Executive Woo Gil-su of ATON said, "Taking on KB Kookmin Bank's digital currency system after NH Nonghyup Bank, which has the largest customer base in the country, is a result of recognition for the technology and project execution capabilities we have accumulated," adding, "Based on our experience building, operating, and verifying various digital asset-related infrastructure and solutions, we will establish ourselves as a solid technology corporations in the future financial infrastructure market."