Hana Card signs MOU with Tether to expand digital asset payments

Hana Card has signed a three-way memorandum of understanding with Tether and Hana Bank to explore potential cooperation on digital asset services, The Asia Business Daily reported today. Hana Financial Group also completed regulatory acceptance of a virtual asset service provider filing from South Korea’s Financial Intelligence Unit on Sept. 18 through BitGo Korea, a joint venture established with digital asset custody specialist BitGo, giving it an institutional foundation for digital asset custody services for domestic institutions and corporations. According to the report, the group appears to be building a digital asset value-chain ecosystem spanning issuance, custody, payments, remittances, and tokenized securities, including payment-sector cooperation with the world’s two largest stablecoin issuers, overseas remittances based on Dunamu’s GiwaChain, and early infrastructure development for security token offerings, or STOs.