DSRV Signs MOU with NICE Information & Telecommunication and SBI DigiTrust for Joint Verification of Korea-Japan Stablecoin Remittance and Payment

DSRV has signed a tripartite memorandum of understanding (MOU) with NICE Information & Telecommunication and SBI DigiTrust, a subsidiary of Japan's SBI Group, for the joint verification of South Korea-Japan stablecoin remittance and payment systems.

Jooho Kim, Manager at SBI Holdings (from left), Takuya Sugiyama, Deputy Head of Digital Space Division at SBI Holdings, Takafumi Shimoyama, Vice President of SBI DigiTrust, Sehyun Kang, Managing Director at NICE Information & Telecommunication, Dongseop Kim, Manager of Global Payments Division at NICE Information & Telecommunication, Byungyoon Seo, Co-CEO of DSRV, and Kyuseok Jung, Head of Japan Business Division at DSRV, are posing for a commemorative photo at the business agreement ceremony held at the headquarters of NICE Information & Telecommunication on the 30th of last month.

According to DSRV on October 1, 2026, the joint verification will focus on scenarios where Japanese users make payments via QR code at Korean merchants affiliated with NICE Information & Telecommunication. The three companies will design a structure utilizing stablecoins throughout the process, from user payment to final settlement at Korean merchants, and will review system linkage methods and operational requirements necessary to implement the service. The goal is to complete the verification by the end of December 2026.

The main items to be verified include: ▲ the structure for transferring payment funds from Japanese users to Korean merchants; ▲ methods for remittance and payment instructions, as well as system linkage among the companies; ▲ technologies and functions additionally required for service implementation; and ▲ business feasibility, considering anticipated transaction volume and costs.

DSRV will examine the technical requirements needed for asset transfers on the blockchain and the possibility of connection with existing payment systems. NICE Information & Telecommunication will assess operational requirements and business feasibility based on its domestic payment infrastructure and merchant network. SBI DigiTrust will elaborate the remittance and payment structure based on its expertise in Japanese regulations and financial and digital asset infrastructure, and will explore cooperation measures within the SBI Group.

The three companies plan to carry out the verification step by step within the scope currently possible, taking into account the regulations, systems, and relevant policy trends of both countries. Based on the results, they will determine the feasibility of actual commercialization in the future.

Byungyun Seo, co-CEO of DSRV, stated, "Cross-border remittance and payment is an area that can demonstrate the value of stablecoin utilization," adding, "By combining the expertise of the three companies, we will concretize the South Korea-Japan stablecoin remittance and payment model."

This content was produced with the assistance of AI translation services.