Joined OBDIA as a Board Member
Experience in Building CBDC Real Transaction Systems
Expected to Contribute to the Creation of a New Ecosystem
Fintech security company Aton announced on the 10th that it will join the Open Blockchain·DID Association (OBDIA) as a board member.
With discussions on the legalization of stablecoins gaining momentum following the launch of the new administration, Aton aims to contribute to the development of domestic digital currency infrastructure by leveraging its experience and technological capabilities in building central bank digital currency (CBDC) systems.
Ham Sungjin, Head of Strategic Planning at Aton, stated, "Based on our experience in building digital currency systems within the financial sector through Project Hangang and our competitive fintech security technologies, we will work with the industry to help establish a safe and transparent institutional digital asset ecosystem."
This year, Aton successfully completed the construction of the response system for NH Nonghyup Bank in the Bank of Korea's CBDC real transaction test, known as "Project Hangang." In the large-scale CBDC pilot involving 100,000 participants, Aton was responsible for the entire process, including building a blockchain infrastructure based on a cloud platform, developing a deposit token conversion system, integrating with NH All One Bank, and implementing the real payment system, thereby demonstrating its capabilities in building digital currency systems.
Recently in Korea, the Bank of Korea and the Financial Services Commission have been actively discussing the establishment of a regulatory framework for stablecoins. As the need for the introduction of won-based stablecoins is being raised in both political and financial circles, security technology and regulatory compliance capabilities are emerging as key competitive factors.
Aton, through its blockchain technology subsidiary Trackchain, has accumulated extensive experience in supporting the institutionalization of the digital asset-related industry by carrying out Travel Rule (fund transfer rule) projects with more than 30 virtual asset service providers. The company also expects that its activities in the banking sector’s security token offering (STO) consortium, which seeks ways to integrate traditional financial institutions with digital asset technologies, will help lay the foundation for financial sector cooperation required for CBDC and stablecoin operations.
Aton’s technological capabilities provide a foundation for differentiated solutions in key areas that issuers must prepare for, including the security of reserve management systems, real-time audit tracking systems, regulatory authority response systems, and user identification (KYC) infrastructure.
OBDIA launched a stablecoin subcommittee in April, with major financial institutions such as NH Nonghyup Bank, Shinhan Bank, Korea Financial Telecommunications and Clearings Institute, KB Kookmin Bank, IBK Industrial Bank of Korea, and Sh Suhyup Bank participating. As the largest blockchain industry association in Korea, with major ICT companies such as SK Telecom and LG CNS involved, OBDIA is engaged in developing blockchain technology standards, making policy recommendations, and fostering the industry ecosystem.
As a board member, Aton will be responsible for activities such as blockchain technology standardization within OBDIA, research on measures to vitalize the CBDC-stablecoin market, and supporting policy consultations with financial authorities.
According to a recent survey by the Korea Chamber of Commerce and Industry, 57.9% of respondents expressed their intention to increase investment in digital assets in the future, and 78.2% said they expect the activation of the digital asset market to have a positive impact on the national economy. In addition, the introduction of a stablecoin regulatory framework ranked third as a policy task for digital asset market development, with 15.6% of respondents selecting it, indicating rising public interest in stablecoins.
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