Optimism Partners with Dunamu, Toss, and DB Securities to Enter the Korean Market

Optimism is a company that develops Layer 2 scalability solutions to increase transaction processing speeds and reduce fees on the Ethereum blockchain. Through the OP Stack, it supports companies in building their own blockchains, with major players like Coinbase, Kraken, and Sony utilizing this technology. It also offers OP Enterprise solutions for financial institutions and businesses, adding features for security, system operation, and regulatory compliance upgrades, enabling financial firms to operate on-chain financial services without developing separate blockchains. In Korea, it is collaborating with Dunamu, the operator of Upbit, to enhance the technology of the blockchain 'Giwa' and pursue global expansion, while also initiating a proof of concept with Toss to verify the feasibility of building a won-based digital financial infrastructure. Together with DB Securities, it is working on commercializing smart farm, livestock assets, and intellectual property rights in Jeju as tokenized securities and real asset-linked forms. OP Labs CEO Jing Wang emphasized that Korea is a rapidly growing market in terms of regulatory environment changes and the scale of the digital asset market, stating that they aim to build a regulation-friendly on-chain financial infrastructure in collaboration with Dunamu, Toss, and DB Securities.

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