HashKey signs a strategic cooperation memorandum with Korea’s KBank and BPMG to deepen collaboration on the “Asia Interconnect” ecosystem

HashKey Group, an established comprehensive digital asset company in Asia, announced that it has signed a memorandum of understanding (MOU) with Korean internet bank Kbank and blockchain technology firm BPMG Group. The three parties will carry out in-depth cooperation around the development of digital asset business models and technical implementation. This cooperation is a key step in HashKey Group’s “Asia Connect” strategy in the Korean market, marking the Group’s further efforts to connect major digital asset markets across Asia and, while promoting coordinated development of regional financial infrastructure, to accelerate the building and deployment of next-generation financial infrastructure.

South Korea is one of the most dynamic markets for digital assets worldwide. As a representative internet bank in South Korea, Kbank has approximately 16 million customers and deep experience in user insights and service in the digital finance sector. BPMG is an important technology force in South Korea’s blockchain and AI fields. Previously, it had already conducted a concept validation cooperation with Kbank in Thailand and the United Arab Emirates based on Korean won stablecoins for cross-border payments. With this addition to the cooperation matrix, HashKey Group will fully leverage its deep accumulation in compliant digital asset infrastructure, and—together with Kbank’s banking financial service capabilities and BPMG’s technical advantages—jointly explore the application and deployment of Korean won stablecoins in scenarios such as cross-border payments and trade settlement.

In terms of specific cooperation, HashKey Group will leverage its institutional network service capabilities and industry insights to promote ecosystem connections with traditional financial institutions and digital asset service providers, supporting the design and deployment of digital asset business models. Kbank will be responsible for assessing and ensuring the compliance and feasibility of these innovative business models within South Korea’s financial environment. BPMG will lead the business cooperation through its U.S. subsidiary ARACORE, mainly providing technical support and building the underlying payment and settlement infrastructure based on stablecoins. The three parties will work closely together to jointly expand global digital asset markets.

HashKey Group has long been committed to building the digital asset infrastructure of Asia Connect, fully leveraging its core strengths in global compliant licensing, institutional-grade digital asset services, and operations across jurisdictions. Currently, the Group has established in-depth business cooperation in the Philippines, Vietnam, Indonesia, Malaysia, Thailand, and the United Arab Emirates (Dubai). Signing an MOU with Korean partners will further strengthen the Group’s connections with South Korean financial and technology institutions, laying the foundation for expanding digital asset service, settlement, and cross-border payment use cases across Asia.

In the future, HashKey Group will continue to provide more efficient, transparent, and cost-effective digital asset settlement solutions for institutional users in the region, truly moving next-generation digital financial infrastructure from vision to reality.

About HashKey Group

HashKey Group (“HashKey” or “the Group”) is an established comprehensive digital asset company in Asia. Its business spans globally relevant licensed regions, and it builds a digital asset ecosystem by providing end-to-end financial infrastructure, technology, and investment management. The Group provides trade facilitation services, on-chain services, and asset management services through licensed digital asset platforms.

Disclaimer

About Kbank

Kbank is South Korea’s first internet bank, founded in 2017. It provides fully digitalized banking services and does not have any offline branches or physical locations. The bank has an exclusive real-name account partnership with Upbit, the largest cryptocurrency exchange in South Korea, placing it at the core position of South Korea’s digital asset ecosystem. Kbank currently has more than 16 million users and is expanding into stablecoin-based cross-border remittance and Web3 business areas.

About BPMG

BPMG is a technology company that develops related services in the gaming, digital assets, and financial infrastructure sectors based on blockchain and artificial intelligence technologies. The company was founded in 2021 and has completed Series A financing of 7 billion won. BPMG is expanding its global Web3 services and financial infrastructure business through its U.S. subsidiary ARACORE, while also seeking partnerships with global financial institutions and financial technology companies. The company also operates its gaming business through its subsidiary Blomics, whose products include TalesRunner, Fortress 3 Blue, EOS RED, and EOS BLACK.