Dunamu, Hana Financial, POSCO International Cooperate on GIWA Chain-Based Financial Infrastructure

Dunamu, Hana Financial, POSCO International Cooperate on GIWA Chain-Based Financial Infrastructure

Establishment of real-time overseas remittance service... "Efficient and transparent on-chain financial environment"

Dunamu, which operates the virtual asset exchange Upbit, Hana Financial Group, and POSCO International, signed a business agreement (MOU) on the 29th for converged innovation between finance, digital assets, and industry.

The signing ceremony, held today at Hana Financial's Myeongdong building in Jung-gu, Seoul, was attended by key executives from each company, including Dunamu CEO Oh Kyung-seok, Hana Financial Vice Chairman Lee Eun-hyung, and POSCO International President Lee Gye-in.

The core of this MOU is to connect 'GIWA Chain', a Layer 2 blockchain developed by Dunamu, with Hana Financial's foreign exchange network and POSCO International's global supply chain, and apply it to actual fund flows.

Through the agreement, the three companies decided to cooperate to secure future competitiveness in digital finance, including ▲ establishing a GIWA Chain-based real-time overseas remittance service ▲ building financial infrastructure for efficient global fund management and payment settlement, and ▲ discovering digital financial business opportunities.

Hana Financial decided to promote the development of blockchain-based overseas remittance services and products based on its global financial network and digital financial capabilities.

The plan is to improve the speed and cost issues of existing overseas remittances and provide more efficient and transparent financial services to corporate customers.

POSCO International will serve as a global trade verification platform as an actual demand enterprise that uses financial services such as overseas remittances and trade payments based on its trade network.

Dunamu supports the cooperation with its own blockchain infrastructure and technology. It plans to contribute to providing a stable and scalable infrastructure and expanding the blockchain ecosystem by utilizing the GIWA Chain.

Oh Kyung-seok, CEO of Dunamu, said, "We expect GIWA Chain's technology to serve as a foundation for realizing a more efficient and transparent on-chain financial environment," and added, "We will technically support the changes in future finance that blockchain will bring."

Lee Eun-hyung, Vice Chairman of Hana Financial, stated, "This agreement is an important turning point where digital assets, traditional industries, and finance are organically combined," and "Through service commercialization, we will provide new value to all participants in the industrial ecosystem."