Hana Financial Group is collaborating with the Abu Dhabi Global Market (ADGM) and Hanwha Asset Management to establish digital financial infrastructure, including stablecoins and cross-border payment and remittance services.
On September 18, Hana Financial Group announced that it had signed a tripartite memorandum of understanding (MOU) with ADGM and Hanwha Asset Management to cooperate on stablecoin initiatives and cross-border financial infrastructure between South Korea and Abu Dhabi.
The signing ceremony, held on September 16 at the JW Marriott Hotel in Banpo, Seoul, was attended by Eom Tae-sung, Executive Vice President of Hana Financial Group; Rashid Abdulkarim Al Blooshi, CEO of ADGM; and Baek Seung-pil, Executive Vice President of Hanwha Asset Management's Digital Innovation Division.
Through this agreement, the three parties aim to explore joint business opportunities in the fields of digital assets and payment infrastructure, as well as to expand cross-border payment and remittance solutions and develop an interoperable digital asset ecosystem.
ADGM, established in 2015 in Abu Dhabi, United Arab Emirates, serves as an international financial center that fosters a financial ecosystem involving global financial companies, institutional investors, and fintech and digital asset firms.
A representative from Hana Financial Group stated, "We will leverage the expertise and global networks of each institution to discover practical cooperation models in the digital asset and cross-border financial sectors."
* This article has been translated by AI.
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