Summary: Dunamu, Hana Financial, and POSCO International signed an MoU to test a real-time blockchain remittance on live trades, with POSCO as the first user; PoC showed faster, cheaper settlements than SWIFT, aiming for a year-end working model.Abstract: Three South Korean groups—Dunamu, Hana Financial Group, and POSCO International—signed an MoU to pilot a real-time blockchain remittance system using live trade transactions, with POSCO as the initial live user. A prior PoC indicated reductions in settlement times and costs versus SWIFT. The firms plan to develop a working model for real-time remittances by year-end, signaling potential disruption to cross-border payments and trade finance.

AssembleAi

2026-04-29 22:33:38

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Dunamu, Hana Financial Group and POSCO International signed an MoU to test a blockchain remittance system on real trade transactions, with POSCO as the first live user. Hana and Dunamu said an earlier proof of concept showed lower settlement times and costs than the traditional SWIFT-based process. The three companies plan to build a working model for real-time blockchain remittances before the end of the year.

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Dunamu, Hana Financial and POSCO Start Live Test of Blockchain Remittance System

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