Toss Bank and Solana Foundation Partner on Blockchain-Based Finance
South Korea's Toss Bank has signed an MOU with Solana Foundation to develop blockchain-based financial infrastructure, starting with cross-border stablecoin transfers.
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Toss Bank and the Solana Foundation have signed a memorandum of understanding to jointly develop blockchain-based financial infrastructure. The first phase will involve testing cross-border stablecoin transfers, with engineers verifying technical feasibility and conducting trial settlements.
In the future, Toss Bank plans to onboard foreign partners and implement anti-money laundering (AML) and know-your-customer (KYC) procedures for the project.
Source: ForkLog