Kakao Group signs MOU with Circle to expand digital asset cooperation

Kakao Group said today it signed a strategic memorandum of understanding with Circle Internet Group (CRCL) to cooperate in digital asset technology. According to The Asia Business Daily, the two sides will explore ways to combine Kakao Group’s digital platform and financial services ecosystem with Circle’s experience in developing digital asset infrastructure, including blockchain and global payment systems. Kakao Pay said it has begun its first move to proactively prepare a Korean-style digital asset ecosystem with a global digital asset infrastructure company.