Galaxia Moneytree Signs MOU for Digital Asset Business with NH Nonghyup Bank and Others

[Asia Economy Reporter Hyunseok Yoo] Fintech specialist Galaxia Moneytree announced on the 8th that it has signed a Memorandum of Understanding (MOU) for mutual cooperation in the digital asset business with NH Nonghyup Bank, Korea Information & Communications, and Hexlant.

Through this agreement, the four companies, including Galaxia Moneytree, plan to collaborate on technology research related to digital assets and the discovery of new businesses in the digital asset sector. In particular, the initial focus will be on specializing in the digital asset custody business, a trust service that manages customer assets.

The four companies will promote the development of custody services based on Hexlant’s ‘Octet’ solution, which has the best technology in Korea. Galaxia Moneytree plans to integrate the digital asset payment and operation know-how of its simple payment platform, Moneytree.

Shin Donghoon, CEO of Galaxia Moneytree, stated, “The most important factors in digital asset and blockchain-related businesses are stability and experience. We will provide the most stable and convenient custody service together with NH Nonghyup Bank, which can collaborate on local government projects, Korea Information & Communications, which can apply digital asset utilization methods to VAN payments, and Hexlant, a blockchain security and operation specialist.”