Aton Enters Digital Asset Custody Business

[Asia Economy Reporter Hyungsoo Park] Aton announced on the 27th that it has made a strategic investment in the joint venture 'Cardo' along with NH Nonghyup Bank, Hexlant, Galaxia Moneytree, and Korea Information & Communications to enter the digital asset market.

This joint investment through the establishment of the joint venture is an extension of the business agreement for mutual cooperation in digital asset business promoted by NH Nonghyup Bank in July. Centered on the joint venture Cardo, they will link with custody, non-fungible tokens (NFTs), and actively promote digital asset payment-related businesses.

The scope of services of the joint venture Cardo targets not only coins but also various tokenizable assets such as real estate and artworks as custody targets. It plans to connect to new blockchain-based financial services targeting the MZ generation, including gaming and entertainment.

Aton contributes to Cardo through its long-standing fintech security expertise built with financial companies. Starting with the establishment of a security authentication system, it will be responsible for strengthening reliability, which is essential for virtual asset operators, including KYC (Know Your Customer) and AML (Anti-Money Laundering) tasks.

Jongseo Kim, CEO of Aton, explained, "The digital asset sector is experiencing both quantitative and qualitative growth," but added, "Behind this rapid growth, policies and technologies to create a transparent market environment are still insufficient, which could potentially lead to investor damage."

He continued, "Aton is recognized by the financial sector by providing the highest level of security and authentication services mainly to domestic banks, securities firms, and life insurance companies," and added, "Through customer verification and process validation, which are core components of the digital asset business, we will support virtual asset operators and contribute to stabilizing the digital asset ecosystem."

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