BTQ Selected as Moonpay Korea's Security Partner for KRW Stablecoin Infrastructure
TECHWORLD ·
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BTQ Technologies announced on the 13th that it had signed a strategic partnership with Moonpay Korea and been selected as the security partner for KRW stablecoin infrastructure.
BTQ will support the quantum security transition across Moonpay Korea's stablecoin infrastructure, centered on post-quantum cryptography (PQC).
The two companies will jointly establish a quantum security roadmap, and BTQ will conduct a proof of concept (PoC) for QSSN (Quantum Secure Stablecoin Network) targeting domestic banks.
BTQ Technologies announced on the 13th that it had signed a strategic partnership with Moonpay Korea. Under the agreement, BTQ has been selected as the security partner for Moonpay Korea's KRW stablecoin infrastructure.
BTQ will focus on supporting post-quantum cryptography (PQC). The scope of support covers the quantum security transition across Moonpay Korea's stablecoin infrastructure.
Moonpay Korea officially launched last September. Its core business direction is to connect Moonpay's global payments and stablecoin infrastructure with domestic financial services.
The implementation targets are overseas remittances, payments and settlements, and the global circulation of digital assets. The partnership will be pursued around such infrastructure.
The two companies will jointly establish a quantum security roadmap for Moonpay Korea's stablecoin infrastructure. The transition approach will involve reviewing the status of the current cryptographic system, setting priorities by risk level, and pursuing a phased transition.
BTQ said it will conduct a proof of concept (PoC) for 'QSSN (Quantum Secure Stablecoin Network),' a quantum-secure stablecoin payment network, targeting domestic banks through Moonpay Korea. The goal of the PoC is to verify transaction signatures and key management with quantum resistance applied across the KRW stablecoin infrastructure.
BTQ said it plans to support the establishment of quantum security standards for the KRW stablecoin ecosystem based on this verification and cooperation with domestic financial institution partners. Choi Young-seok, CSO at BTQ, said South Korea is leading the bank-driven, institutionally backed stablecoin sector, and that current infrastructure decisions will shape the market's future direction.
Choi Young-seok, CSO at BTQ, said the company plans to support quantum security from the early stages of Moonpay Korea's infrastructure and will work to establish QSSN as a core technology for stablecoin security in South Korea. Lee Bu-geon, cofounder of Moonpay and head of Asia-Pacific, said Moonpay Korea connects Moonpay's global payments and stablecoin infrastructure with the domestic financial environment and supports partners in implementing practical remittance, payment, and settlement services.
Lee Bu-geon, cofounder of Moonpay and head of Asia-Pacific, said the company will work with BTQ to establish a quantum security roadmap and preemptively respond to future security threats. He also said the company will work to build stablecoin infrastructure that domestic financial institutions and users can trust.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408069
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Source: TECHWORLD
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