Izmedia Signs MOU with Bolt Global Capital for Blockchain Finance Partnership

[Asia Economy Reporter Hyunseok Yoo] Izmedia announced on the 16th that it has signed a Memorandum of Understanding (MOU) with Bolt Global Capital Limited to collaborate in the blockchain financing sector. Through this MOU, both companies will cooperate by sharing technology and asset management know-how related to blockchain, cryptocurrency, and virtual assets.

Bolt Global Capital is a company that developed the essential finance module (BASIC) for blockchain platforms. It also provides deposit and loan product services utilizing virtual assets. Its Assets Under Management (AUM) reach 600 billion KRW, and Izmedia is expected to adopt Bolt’s module in its NFT platform, enabling deposit and loan services using virtual assets.

A company representative stated, “We expect this agreement to allow us to proceed with the NFT platform business more systematically and rapidly,” adding, “We will devote all efforts to building a global NFT and DeFi (decentralized finance) ecosystem.”

Leon Kim, CEO of Bolt Global Capital, said, “Izmedia has established a foundation to secure global users through partnerships with leading global companies such as Greenbox,” and added, “Through collaboration between the two companies, we will develop a global platform that combines user convenience and content popularity.”

Meanwhile, Izmedia announced on the 14th that it will pursue new blockchain business using Kakao Ground X’s self-developed blockchain platform and API (Application Programming Interface). Through this, it is expected to develop upgraded new services compared to existing platforms, solving issues such as high gas fees and transaction speed delays.

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