Gate News message, April 29 — South Korea’s Hana Financial Group, trading firm Posco International, and digital asset company Dunamu signed a memorandum of understanding (MOU) to build a blockchain platform for cross-border remittances in 2026 to accelerate transfers and improve tracking.
Posco International will lead business use cases and test the system in its trade operations, handling approximately 40,000 overseas remittances annually. Hana Financial will manage remittances and settlements, while Dunamu will provide the Giwa Chain infrastructure. Hana plans to launch a remittance network using deposit tokens, a type of digital token backed by bank deposits, by the third quarter of 2026.
The partnership builds on prior collaboration; Hana Financial and Dunamu completed a proof of concept on Giwa Chain’s security and reliability before the deal. The Giwa Chain infrastructure is designed to replace the SWIFT international bank messaging network, potentially reducing settlement times and transaction costs.
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