FSN ASIA-Six Network signs MOU with 'IoTrust'... "Expanding the DeFi ecosystem"

[Asia Economy Reporter Jang Hyowon] Six Network announced on the 1st that it has signed a partnership memorandum of understanding (MOU) with cryptocurrency wallet specialist company IoTrust to expand the ecosystem of ‘Definix,’ a decentralized exchange (DEX) platform developed for its DeFi business.

Through this MOU, Six Network’s ‘Definix’ platform will integrate IoTrust’s cryptocurrency wallet D'CENT. By adding the D'CENT wallet to the existing Kaikas web wallet integration system based on Klaytn, the company aims to significantly improve accessibility to the Definix platform in mobile environments.

The company plans to consider various measures to expand the Definix ecosystem, including completing integration with KakaoTalk Klip in the near future.

Choi Changhyun, CEO of FSN ASIA, said, “Starting from this MOU, Definix platform users will be able to store, manage, and trade cryptocurrency assets more conveniently through the D'CENT wallet,” adding, “Cooperation with secure hardware wallets like D'CENT is an essential process for Definix to develop into a trusted crypto asset management platform, and we plan to pursue more diverse collaborations going forward.”

Baek Sangsoo, CEO of IoTrust, stated, “Through this agreement with Six Network, which holds network competitiveness in domestic, Asian, and overseas markets, we expect that the D'CENT wallet integrated with the Definix DeFi service will greatly contribute to the expansion of the Klaytn ecosystem,” and added, “Based on this Definix integration service and smooth future technical partnerships, we will strive to establish D'CENT as Asia’s representative DeFi wallet.”

‘Definix’ is a multi-chain based P2P (peer-to-peer) cryptocurrency trading brokerage platform developed by Six Network. After launching on the BSC base in April this year, it officially started supporting the Klaytn-based system in mid-last month. As of the 30th, it surpassed a total value locked (TVL) of $43.9 million (approximately 49.5 billion KRW), a key growth indicator for decentralized exchange platforms. Six Network, the developer and operator of the Definix platform, is a subsidiary of FSN ASIA, the overseas business division of Future Stream Networks (FSN), a comprehensive digital marketing specialist company, aiming to pioneer the Asian DeFi market through ‘Definix.’

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