Nonghyup Bank Partners with Arton and Musicow to Validate Stablecoin-Linked Business Model

Three-Party Memorandum of Understanding
Validating a New Business Model Linking Stablecoins and Security Token Offerings

NH Nonghyup Bank announced on the 26th that it has signed a three-party memorandum of understanding (MOU) with Arton and Musicow to validate a converged business model linking stablecoins and security token offerings (STO).

This agreement was initiated to verify the expansion of asset liquidity and the establishment of a transparent trading infrastructure by combining K-content real asset-based STOs with stablecoins for payment and settlement, amid the accelerating legalization of digital assets in South Korea.

Nonghyup Bank will collaborate technologically with Arton, which participated in the Bank of Korea's digital currency project "Hangang." The global music copyright investment platform Musicow will be responsible for asset securitization, aiming to enhance the completeness of the validation project.

At the agreement ceremony held at the Musicow headquarters on the 25th, (from left) Jongseo Kim, Chairman of Arton, Taeyoung Kang, President of Nonghyup Bank, and Hyunkyung Jung, Chairman of Musicow, are taking a commemorative photo. Nonghyup Bank

The project is structured around a scenario in which overseas K-pop fans purchase K-pop copyright STOs using Korean won stablecoins. Both individual and corporate customers will be able to experience a global payment system that enables real-time payment and settlement without foreign exchange risk.

Taeyoung Kang, President of Nonghyup Bank, stated, "This test will mark a new turning point where digital assets based on K-content meet traditional finance," adding, "We will take the lead in creating a healthier and more stable digital asset ecosystem."