"Hecto Financial Eyes Explosive Overseas Sales Through Circle CPN"

On the 10th, KB Securities stated that Hecto Financial can be expected to see explosive overseas sales through Circle (USDC) CPN (Circle Payments Network), adding, "This year is expected to be the first year in which the company’s corporate value will begin to be fully re-rated."

In a report released that day, Kim Hyungyeom, an analyst at KB Securities, projected that revenue growth in the global business driven by simple cash payments and an expansion of overseas merchants will support the company’s earnings. He noted in particular that, as the number of overseas B2B settlement service clients based on its foreign exchange settlement license increases, a virtuous cycle is taking shape in which the number of companies using its in-account payment service also grows through cross-selling effects, making this a development to watch.

Analyst Kim said, "On the 3rd, Hecto Financial became the first Korean company to be listed as an official CPN (Circle Payments Network) partner of Circle, the global stablecoin (USDC) issuer," adding, "This means that the company has been certified for the technical integration of its payment and settlement system using stablecoins and for the stability of actual transactions."

A Hecto Financial official said, "At this early stage in which stablecoin-based payments and settlements are becoming the global standard, by joining CPN and preemptively accumulating network effects, we have secured market dominance that can widen the time and technology gap with latecomers," and emphasized, "Based on our corporate credibility that meets global standards and the references we have preemptively accumulated overseas, we will expand our new corporate client base and build a virtuous cycle in which transaction volume increases on the back of this expanded customer group."

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