TechFlow News, March 18: According to Chainwire, K-Prop, a South Korean real-world asset (RWA) platform, announced on March 16 in Seoul the formal signing of a Memorandum of Agreement (MOA) between its South Korean entity, K-Prop Korea, and its Hong Kong operating entity, K-Prop Limited. The MOA aims to integrate returns from South Korean physical real estate with decentralized Web3 finance.
Under the agreement, K-Prop Korea is responsible for the selection, management, and regulatory compliance of high-value real estate assets within South Korea, led by CEO Kim Sang Hong; K-Prop Limited, headquartered at the International Commerce Centre (ICC) in Hong Kong, is led by Partnership Lead Joel Roberts and oversees the platform’s global Web3 expansion, smart contract development on the Polygon network, and international user growth.
