XCure Partners with Hong Kong's AlloyX to Establish Joint Venture for Token Securities and Digital Asset Security

XCure has signed an agreement with AlloyX Hong Kong Limited, a global fintech company based in Hong Kong, to establish a joint venture in Korea, with plans to expand its business in quantum security-based digital asset and real-world asset tokenization.

According to XCure on May 19, the two companies plan to jointly pursue security systems required in digital asset transactions and real-world asset tokenization. The main business areas will include account security based on USIM and eSIM, high-risk transaction approval systems, security for institution-only digital asset wallets, designing tokenization structures for real-world assets, and pilot projects linking stablecoin payments.

Within the new joint venture, XCure will be responsible for mobile security and device trust technology. Leveraging its USIM and eSIM-based security technology and post-quantum cryptography (PQC) capabilities, the company plans to provide security infrastructure for accounts, devices, and transactions across the board.

AlloyX will be in charge of building the tokenization platform and digital asset payment and distribution infrastructure. The company aims to support the joint venture's overseas business expansion by utilizing its expertise in stablecoin payment systems, real-world asset tokenization, digital asset custody technology, and global investor network.

XCure has built its competitive edge by focusing on secure smart cards and mobile security based on USIM and eSIM. The company has acquired a diverse customer base, including telecom operators, banks, card issuers, securities firms, and public institutions. It is also strengthening its position in Korea’s device security market based on its capability to meet Korean cryptographic module verification standards and respond to quantum security standards.

AlloyX is a global fintech subsidiary of Nasdaq-listed SOLOWIN HOLDINGS, conducting business that connects traditional finance with digital asset infrastructure, with a focus on stablecoin payments and real-world asset tokenization.

After the establishment of the joint venture, the two companies plan to begin commercialization of USIM and eSIM-based account security services and institutional wallet security packages within six months. They also plan to sign proof-of-concept (PoC) contracts and build organizational and compliance frameworks. Between six and twelve months after establishment, they will pursue the first real-world asset tokenization and token securities deal linking Korea and Hong Kong, as well as pilot projects for domestic asset discovery.

A representative from XCure stated, "This joint venture is a strategic foothold to expand mobile security and device trust technology into the realms of real-world asset tokenization, token securities, and stablecoin payment infrastructure. By combining AlloyX’s tokenization and payment infrastructure with XCure’s security technology, we will secure tangible business opportunities in the institutional digital asset security market."

This collaboration is seen as significant in that it combines mobile security technology with digital asset infrastructure to target the real-world asset tokenization and institutional digital asset security markets.

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