Dunamu Partners with Hana Financial and POSCO International for Financial Infrastructure Collaboration

Kiwa Chain Infrastructure to Be Introduced for Overseas Remittances and Trade Settlements

Dunamu, the operator of the virtual asset exchange Upbit, will supply its independently developed blockchain to Hana Financial Group and POSCO International.

On April 29, Dunamu announced that it had signed a memorandum of understanding (MOU) with Hana Financial Group and POSCO International for work cooperation aimed at promoting innovation through the convergence of finance, digital assets, and industry.

The signing ceremony, held at Hana Financial Group's Myeong-dong headquarters in Seoul on this day, was attended by Kyungsuk Oh, CEO of Dunamu; Eunhyung Lee, Vice Chairman of Hana Financial Group; Kyein Lee, President of POSCO International; and other key executives from each company.

Dunamu explained that the core of this agreement is to connect "Kiwa Chain," a layer 2 blockchain developed by Dunamu, to Hana Financial Group's foreign exchange network and POSCO International's global supply chain.

Eunhyung Lee, Vice Chairman of Hana Financial Group (from the left), Kyein Lee, President of POSCO International, and Kyungseok Oh, CEO of Dunamu, are taking a commemorative photo. Dunamu

The three companies will cooperate on building a real-time overseas remittance service based on Kiwa Chain, establishing financial infrastructure to enhance efficiency in global cash management and payments, and exploring new digital financial business opportunities. They will first continue technological verification to convert the existing international financial messaging system (SWIFT) to blockchain-based messaging on Kiwa Chain. By implementing POSCO International's global trade data on Kiwa Chain, the companies aim to improve transparency in large-scale B2B fund settlements and enhance the efficiency of global financial operations.

Kyungsuk Oh, CEO of Dunamu, stated, "We hope that Kiwa Chain's technological capabilities will become the foundation for a more efficient and transparent on-chain financial environment," adding, "We will provide technological support for the changes that blockchain will bring to future finance." Eunhyung Lee, Vice Chairman of Hana Financial Group, commented, "This agreement marks a significant turning point where digital assets, traditional industry, and finance are organically combined. Through the commercialization of these services, we will deliver new value to all participants in the industrial ecosystem." Kyein Lee, President of POSCO International, remarked, "We have established a foundation for a long-term partnership with leading domestic companies in digital finance and digital assets, and through our collaboration, the three companies will expand their roles within the digital finance ecosystem."

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