Galaxia Moneytree Signs MOU with Gwangju Bank: "Cooperation on Digital Assets and Stablecoins"

Galaxia Moneytree has signed a memorandum of understanding (MOU) with Gwangju Bank to cooperate in the digital asset sector.

Shin Donghun, CEO of Galaxia Moneytree, and Byun Mikyung, vice president of Gwangju Bank, pose for a commemorative photo after signing a business agreement. Galaxia Moneytree.

According to Galaxia Moneytree on October 14, the agreement establishes a foundation for cooperation in digital assets and stablecoins and provides for a proof of concept (PoC) for trade remittances.

The two companies will begin phased testing, starting with trade remittances between South Korea and Japan using digital assets. They plan to test the entire process, from remittance to settlement, to assess whether the relevant systems can be used in real-world business environments. Before the relevant business is institutionalized, Galaxia Moneytree and Gwangju Bank are validating the technology and business processes through testing.

A Galaxia Moneytree official said, "With this agreement, we will closely assess whether the entire trade remittance process can be applied in practice in cooperation with Gwangju Bank," adding, "Based on the experience gained during testing, we will expand the scope of our cooperation to include various financial businesses in the future."

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