Kakao Signs Fireblocks MoU for Korea Digital Asset Infrastructure
Kakao Pay and Kakao Bank signed a memorandum of understanding with Fireblocks to build secure onchain infrastructure in Korea.
Key points
- Kakao Pay and Kakao Bank signed an MoU with Fireblocks to develop secure digital asset infrastructure in Korea.
- The collaboration focuses on stablecoin distribution frameworks that meet local regulatory and security requirements.
- Fireblocks has secured 16 trillion dollars in digital asset transactions across more than 200 global blockchains.
Kakao Pay and Kakao Bank signed a memorandum of understanding with Fireblocks on September 21, 2026. The agreement targets the construction of secure onchain infrastructure for Korea's emerging digital asset market.
The partnership leverages Kakao's nationwide reach and Fireblocks' experience with over 2,500 global institutions. This combination aims to establish a robust foundation for local digital asset distribution.
Stablecoin focus drives the collaboration
The three companies will prioritize stablecoin distribution frameworks within the Korean market. They plan to assess solutions that meet local regulatory, security, and service requirements.
Proof-of-concept tests are scheduled to validate the applicability of these frameworks. These tests will determine how well the infrastructure fits Korea's specific operational needs.
Institutional requirements shape the strategy
Michael Shaulov, CEO of Fireblocks, stated that reliable infrastructure is critical for adoption. He noted that meeting institutional requirements from day one is a prerequisite for success.
Yun Ho-young, CEO of Kakao Bank, emphasized the value of combining technology expertise. The goal is to develop secure services that expand financial opportunities for customers.
Fireblocks secures global asset transactions
Fireblocks reports securing 16 trillion dollars in digital asset transactions across more than 200 blockchains. Its client base includes major banks and payment providers like Worldpay and BNY.
The company supports operations including custody, trading, and compliance reporting for thousands of organizations. This global track record informs the approach to the Korean market partnership.
