South Korean blockchain fintech company OpenAsset, which possesses stablecoin issuance technology, has secured a strategic investment of approximately USD 3.7 million(KRW 5 billion) from financial VAN service provider Dozn. As a resident company of Seoul Startup Hub Gongdeok, OpenAsset successfully attracted this investment as a proactive response to the rapidly evolving global digital asset regulatory environment.

Through this investment, the two companies will precisely identify synergy points between their core competencies and jointly develop new solutions. They plan to create a hybrid financial service that selectively integrates Dozn’s domestic financial institution-linked networks with OpenAsset’s stablecoin issuance technology, leveraging each company’s expertise to maximize complementary benefits.

At the core of the collaboration is the launch of an integrated service directly linking OpenAsset’s stablecoin issuance platform OpenMint with Dozn’s financial payment infrastructure. OpenAsset will utilize Dozn’s financial connectivity to directly issue a general-purpose KRW stablecoin and offer a white-label issuance service for companies seeking to issue stablecoins under their own brands. This initiative aims to secure diverse Web3 financial use cases, including real-world payments.

The two firms will jointly develop an integrated service connecting Dozn’s fund transfer and Kakao authentication systems with OpenAsset’s stablecoin issuance system. This will allow users to instantly convert funds between bank accounts and stablecoins, and vice versa. Additionally, KRW stablecoins will be integrated into Dozn’s foreign exchange kiosks, enabling domestic and international users to charge and exchange virtual assets more seamlessly.

Dozn’s cross-border settlement network will be combined with OpenAsset’s on-chain technology to develop a low-fee, stablecoin-based international remittance service. For global market expansion, the partners will provide a Web3 wallet system and on-chain settlement infrastructure, supporting rapid technology adoption and stable operations.

Through this partnership, OpenAsset will be directly linked to Dozn’s dual-redundancy, highly available VAN system—connected to major domestic financial institutions—and its SLA-based fund transfer and virtual account infrastructure. This represents a significant advantage over most Web3 companies lacking robust banking connections, forming the basis for real-world Web3–traditional finance integration models such as bank-to-wallet settlement.

Dozn plans to integrate KRW-based stablecoins into its key financial services—including cross-border settlements, domestic and international seller payouts, and unmanned kiosk currency exchange—transitioning them into Web3-friendly solutions. The strategic investment allows Dozn to expand service offerings using OpenAsset’s blockchain technology without the burden of in-house R&D, while maintaining its existing traditional financial infrastructure.

OpenAsset CEO Kim Kyung-eop stated: “Based on Dozn’s redundant and stable financial network, we will build the foundation for stablecoins to connect with real-life finance. Beyond simple investment, we will realize a new model that breaks down the boundaries between Web3 and traditional finance through concrete business synergy.”

He added: “With our industry-leading stablecoin issuance technology and regulatory-compliant processes for the forthcoming KRW stablecoin framework, we aim to become the leading issuer in the KRW stablecoin ecosystem, similar to global leader Paxos.”

OpenAsset originated from Kakao’s CBDC Division and its in-house venture Won CIC, holds the first domestic stablecoin trademark, and co-developed a dual-signature issuance system with two banks. It has also proven its top-tier blockchain capabilities through projects such as a proof-of-concept for offline stablecoin payments with AhnLab Blockchain Company, leadership in Korea Investment & Securities’ STO platform development, and participation in the Bank of Korea’s CBDC pilot.

With this funding, OpenAsset plans to recruit top talent in finance to advance its stablecoin issuance systems, aiming to become the first licensed KRW stablecoin issuer in Korea.