KORFIN and XRPL Korea Sign MOU for Digital Asset Business Collaboration
Prefer us on GoogleThe Korea Fintech Industry Association (KORFIN) and XRPL Korea signed a memorandum of understanding on August 20 to support the discovery and commercialization of new businesses based on digital assets. This agreement aims to combine the capabilities of KORFIN's member companies with XRPL Korea's blockchain business support to explore business opportunities utilizing digital assets and collaborate from idea validation to proof of concept (PoC) and actual service implementation. XRPL Korea operates as an ecosystem organization supporting entry and expansion into XRP Ledger (XRPL)-based businesses, promoting joint programs in various fields such as payments, remittances, stablecoins, and tokenization of physical assets. The first joint program will be an open innovation event for digital assets held on August 26 in Yeouido, Seoul, where selected companies will receive one-on-one business and technical reviews and a non-equity support program of up to $200,000. Additionally, t54, which provides identity verification and transaction risk validation technology for AI agents, will also participate to explore collaboration possibilities. A KORFIN representative stated that this agreement aims to support member companies in transforming their ideas into business opportunities.
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