Hecto Financial Begins Accepting Pre-Applications for 'CPN-Based Global Remittance Service'

Hecto Financial has begun recruiting companies interested in using its CPN (Circle Payments Network) global remittance service ahead of its official launch.

On May 13, Hecto Financial announced via its official website that it has started accepting pre-applications for the introduction of CPN. Eligible companies include financial institutions, fintech companies, and USDC-holding corporations seeking to use CPN for overseas remittances. Companies that submit a pre-application will be able to use the service immediately starting in July.

To enhance the convenience of service use, Hecto Financial will integrate its internal systems with CPN and directly support the onboarding process for client companies. As a result, users do not need to connect directly with Circle; instead, they can utilize CPN functionalities such as overseas remittance and settlement through Hecto Financial.

Companies interested in adopting CPN can use the pre-application process to review settlement procedures, country-specific remittance methods, and regulatory requirements in advance, enabling a swift and seamless future onboarding. Hecto Financial plans to provide various benefits to pre-applying companies to lower the burden of adoption, while also carefully reviewing financial regulations such as anti-money laundering (AML) to ensure safe service provision.

CPN is a global payment network based on the US dollar stablecoin USDC, supporting fast and efficient cross-border B2B (business-to-business) remittances and payments. By leveraging the CPN network, companies can build services on global financial infrastructure faster and more cost-effectively compared to traditional networks such as SWIFT. In addition, CPN can help fintech companies and overseas remittance service providers secure new remittance routes by reducing processing delays and intermediary costs associated with conventional financial networks.

A representative from Hecto Financial stated, "CPN-based overseas remittance is a service that helps companies establish a faster and more efficient global fund movement system using USDC. As the sole CPN payment partner in Korea, Hecto Financial will actively support domestic companies in adopting CPN easily and quickly, thereby contributing to strengthening their global competitiveness."

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