TechFlow news, on August 22, Kaia announced the signing of a memorandum of understanding with Open (Asset) to collaborate on the issuance, compliance, and real-world application expansion of Korean won-pegged stablecoins.
Open (Asset) is a tokenized asset issuance company aiming to drive financial institutions' adoption of blockchain and tokenized asset trading. It has participated in several key projects demonstrating its technical expertise in stablecoins, including a "dual-signature stablecoin issuance system" developed with commercial banks, an offline payment proof-of-concept (PoC) with AhnLab Blockchain Company, and a security token offering (STO) system developed for Korea Investment & Securities.
Through this collaboration, Open (Asset) plans to issue and promote its self-developed Korean won-pegged stablecoin on the Kaia blockchain, and provide Korean won stablecoin issuance agency services for clients looking to launch stablecoins, jointly advancing the development of compliant Korean won stablecoins and promoting the real-world adoption of Web3 payments.
