XPLA-Kado Partnership allows fiat-to-crypto transactions for XPLA users

NuriFlex Holdings partners with Catalyx Exchange to explore security tokens and RWAsNuriFlex Holdings Inc., the Canadian parent company of South Korean IoT solutions provider NuriFlex Co., Ltd., has recently signed a memorandum of understanding (MOU) with the Canadian cryptocurrency exchange, Catalyx. According to a report by the Korea Economic Daily, this collaboration is designed to facilitate both entities’ entry into the markets of security token offerings (STOs) and real-world assets (RWAs).Photo by Chris Liverani on UnsplashNuriFlex Group’s diverse portfolio and industry experienceWith a 30-year track record, NuriFlex Group has supplied global utility companies with robust software platforms designed for handling vast amounts of data. Beyond this, the group manages an array of services, including blockchain-based digital payments, a social dating metaverse known as NuriTopia and Web3 wallet services. Furthermore, NuriFlex Group has established a business network to support central bank digital currency (CBDC) initiatives in Central and South America as well as Africa. Leveraging its longstanding industry presence and extensive connections, NuriFlex Group strives to venture into the sectors of STOs and RWAs.Canadian crypto exchange since 2019Meanwhile, Catalyx Exchange, established in 2019 and headquartered in Calgary, Alberta, is known to have the management and technological expertise necessary to operate trading platforms for security tokens and RWAs.An official from NuriFlex Group conveyed their enthusiasm for the partnership, emphasizing their collective goal to lead the way in innovation. They intend to jointly launch a platform that is not only secure and efficient but also fully compliant with the laws and regulations of the country in which they operate.A representative from Catalyx also shared a positive outlook, noting that the exchange has been gearing up to branch out into the STO and RWA sectors for several years. They expressed their pleasure at having the opportunity to collaborate with NuriFlex Holdings on this venture.

Planetarium Labs’ blockchain MMORPG Nine Chronicles M launches worldwideWeb3 gaming company Planetarium Labs has officially released its mobile game Nine Chronicles M worldwide, which is now available for download on Google Play and the App Store.Photo by Jonas Leupe on UnsplashRedefining the MMORPG genreNine Chronicles M is the mobile version of the popular Nine Chronicles, a fully on-chain open-source massively multiplayer online role-playing game (MMORPG) — the first of its kind in the world — set against the backdrop of Norse mythology. The PC version of the game has consistently topped the ranks of dApp store DappRadar’s blockchain game listings with more than 200,000 users worldwide. Building on this experience, Planetarium Labs stated that the mobile version would provide an even more immersive game experience surpassing that of the original version.“With Nine Chronicles M, we aim to create an experience where the community not only enjoys the game but actually owns it,” said Kim Jae-seok, CEO of Planetarium Labs, referring to the game’s fully decentralized format and interactive open-source protocol. “From various events to creative and enhanced gameplay and the largest reward pool known in PvP battlegrounds, we promise to deliver an exciting and thrilling gaming experience.”Successful pre-registration turnoutThis latest release comes after the global pre-registration event that recently ended on Wednesday (UTC), which attracted some 200,000 gamers. Various rewards will be distributed to participants through a gacha game dubbed “Dvergr’s Gacha Workshop”. Such rewards include rare character costumes and allotted amounts of the in-game currency Nine Chronicles Gold (NCG), which can be used to purchase in-game items or staked to earn additional rewards. They can be claimed by downloading and logging into the game, Planetarium Labs explained.

South Korea Embarks on Wholesale CBDC Pilot ProgramAiming to pave the way for a future-oriented monetary infrastructure, South Korean financial agencies announced a plan on Wednesday (local time) to pilot a central bank digital currency (CBDC). This trial is designed to evaluate its practical use in real-world scenarios.The Bank of Korea (BOK), alongside the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), has been working with the Bank for International Settlements (BIS) from the inception of this project’s blueprint. Together, they plan to partner with multiple commercial banks to successfully carry out this initiative.Photo by Y K on UnsplashWholesale CBDCThe test will concentrate on a wholesale CBDC designed for transactions and settlements between financial institutions. This concept is akin to how commercial banks use reserves in their central bank accounts for transactions and settlements.Meanwhile, banks will introduce tokenized deposits for public use within the CBDC network. These payment instruments will circulate securely within the new monetary infrastructure built by the BOK and managed jointly with the FSC and the FSS.The pilot of this cutting-edge monetary infrastructure is poised to set the stage for the introduction of diverse, innovative payment and financial services that stand out from current offerings. This effort will also lay the groundwork for newer financial products, like security tokens, to be traded with greater safety and efficiency.Participation from citizensThe test aims to complete its Proof of Concept (PoC) through technical trials in simulated settings. Furthermore, a select group of citizens will be given the opportunity to engage in specific use case tests, letting them experience firsthand the advantages of the emerging digital payment methods. This project will significantly contribute to the future research and development of CBDC infrastructure.The Korean financial authorities have engaged in in-depth discussions regarding policy matters leading up to the test. To ensure alignment with existing laws, only banks will be involved in this initial phase. Decisions on expanding the test will come later, after a thorough evaluation of relevant policy considerations after the trial.The agencies will continue working to ensure that transaction tests involving citizens are conducted with sufficient user protection measures under the existing legal framework.Moreover, from the outset of the test’s preparation, the BIS offered insights from its research and development experiences with CBDC systems. In particular, members from the BIS’s Innovation Hub and the Monetary and Economic Department provided technical advice on designing and constructing a CBDC network. Stemming from their discussions, the BIS and the BOK jointly released a report highlighting the test’s importance and its intricately crafted model.This trial is a step towards identifying the best CBDC model suited for Korea’s financial and economic landscape. It’s important to note that the test doesn’t necessarily indicate a complete rollout of a CBDC or the final version of a CBDC network.Moving forward, the BOK, FSC, and FSS will form a collaborative working group. They’ll work hand-in-hand with pertinent ministries and entities, including the Ministry of Economy and Finance, to ensure a seamless execution of the test. Their technical partnership with the BIS will also remain ongoing.The selection process for a system developer began on October 4. Later this month, there will be an informational session for companies and banks engaged in the project. By the end of November, the financial authorities will unveil information regarding the banks involved and the specific use cases slated for testing. Public involvement is anticipated to start in the fourth quarter of next year.