South Korea’s Eugene Investment Tests Stablecoins for Securities Settlement
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Cryptocurrency News | Cryptocurrency Prices | Market CapSouth Korea’s Eugene Investment tests stablecoins for securities settlement
Eugene Investment & Securities has signed an agreement with blockchain company BEATOZ to test stablecoin settlement for tokenized securities subscriptions, targeting an onchain process that covers subscription, payment and settlement. According to Eugene Investment & Securities, the memorandum of understanding…
BEATOZ, a digital financial infrastructure company, announced on the 21st that it has signed a Memorandum of Understanding (MOU) with Eugene Investment & Securities, a participant in the Hana Financial Group's KRW stablecoin consortium, to verify a structure for settling token securities subscription payments using stablecoins. Through this agreement, the two companies [utilize] BEATOZ's regulation-friendly hybrid blockchain technology
Eugene Investment & Securities and BEATOZ will test stablecoins to clear subscriptions of tokenized securities in blockchain, in an essay that seeks to integrate subscription, payment and settlement within a single digital stream before the entry into force of the new South Korean framework in 2027.
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