Accelerating the Development of a Korean Stablecoin and Settlement Infrastructure
SEOUL, South Korea 23rd October — Blockchain technology company SOOHO.IO announced that it has signed a strategic memorandum of understanding (MOU) with Avail, a global modular blockchain infra network for scaling access to the onchain economy.
This partnership marks a significant technological collaboration aimed at expanding the Korean Won (KRW) stablecoin ecosystem and advancing global payment infrastructure. Together, the two companies will focus on unified balances, cross-chain interoperability and data availability to drive next-generation blockchain interoperability and settlement efficiency.
Through this MOU, the companies will pursue joint ventures centered on the following areas of cooperation:
- Stablecoin and Settlement Infrastructure Development
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Enable USD stablecoin deposit–based payments accessible globally.
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Jointly pursue opportunities in both Korean and international stablecoin markets.
- Enhanced Point-to-DeFi Integration
- Facilitate easier user access to DeFi ecosystems through the “Point-to-Crypto” model, converting reward points into digital assets.
- Cross-chain interoperability and Onchain Infrastructure Cooperation
- Joint Research on unified balance advancement to enhance enterprise-grade cross-chain Utilization
Jisu Park, CEO of SOOHO.IO, stated: “The Korean market is uniquely positioned with both growing regulatory clarity and increasing demand for blockchain-based payments. Our collaboration with Avail brings us one step closer to realizing a global payment infrastructure ecosystem centered around the KRW stablecoin.”
Anurag Arjun, co-founder at Avail, added: “Korea is one of the fastest-growing regions for stablecoin infrastructure in Asia. Together with SOOHO.IO, we aim to build a next-generation payment framework based on crosschain interoperability and messaging that showcases real scalability in the global market.”
This agreement is part of Project Namsan, an initiative led by SOOHO.IO, and is regarded as a key milestone in accelerating the establishment of non-dollar stablecoins and cross-border settlement networks in collaboration with domestic and international partners.
Moving forward, SOOHO.IO plans to expand its global technology partnerships and continue developing real-world use cases for Korean-style stablecoin payments and point-to-crypto infrastructure, driving the broader adoption of compliant digital asset settlement systems worldwide.
About SOOHO.IO
SOOHO.IO Inc., is Korea's leading blockchain fintech company, pioneering the convergence of traditional finance and digital assets since 2019. Founded by CEO Jisu Park, the company is the first Korean firm backed by ConsenSys Ventures and has been recognized by Gartner as a key blockchain finance company in 2022.
SOOHO.IO delivers an Enterprise Blockchain Suite including Touchstone (consortium blockchain infrastructure), Purplace (Purpose Bound Money platform), and flagship applications demonstrating real-world blockchain payments. SOOHO.IO has successfully deployed a Central Bank CBDC project, protects over $2.4 billion in assets, and partners with financial institutions for blockchain fintech innovation.
Visit their Official links for more: Official Website | LinkedIn | X
About Avail
Avail shapes a new era for the onchain economy by transforming how users, apps, and liquidity move across chains. With Avail, both users and developers can access the entire onchain economy from anywhere, without worrying which chain assets or apps live on.
Avail frees developers from the constraints of specific tools, programming languages, or frameworks, allowing them to use the stack that best fits their project. Simply plug-in Avail to scale and instantly reach any asset on any chain. Founded by early members of Polygon and backed by Founders Fund, Dragonfly, Cyber Fund, and more, Avail is empowering users and builders to overcome the limitations of legacy blockchain infrastructure.