"Hecto Financial's Push to Secure a Global Digital Asset Network Early Draws Attention"

LS Securities said on Oct. 13 that it sees potential in expanded cooperation related to digital assets and the competitiveness of Hecto Financial's existing financial infrastructure.

In a report that day, LS Securities researcher Sun Yujin said, "We are focused on the preemptive establishment of a global payment and settlement network through expanded cooperation related to digital assets." She said that, following its participation in the Circle Payments Network (CPN), Hecto Financial recently joined the Open USD ecosystem, expanding its business foundation for using a variety of digital assets. She added, "Hecto Financial's existing foreign exchange licenses, global cross-border and PSP partner network, and bank payment transfer network could serve as barriers to market entry," and forecast that the company could gain an early lead in demand for stablecoin settlements at home and abroad.

She also highlighted the growth potential of its digital asset business. Researcher Sun said that regulatory frameworks for virtual assets need to be put in place before the business can be fully monetized. However, she forecast that related business opportunities at home and abroad could materialize sooner than expected, as virtual asset businesses expand overseas.

LS Securities said the resumption of new services with improved transaction structures is leading to better companywide profitability. It also analyzed that the continued expansion of its cross-border settlement customer base from global commerce into travel, aviation, and other sectors will increase the share of high-margin services and support sustained earnings growth. The firm added that the core business remains on a growth trajectory, with transactions from existing merchants continuing and new customers joining its easy cash payment service.

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