Hecto Innovation will publicly disclose stablecoin business strategy at an investor briefing on February 9

Source: DigitalToday Original Title: Hecto Innovation to Hold Investor Briefing on February 9… Revealing Stablecoin Business Strategy Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=623798

IT infrastructure information service company Hecto Innovation will hold an investor briefing to unveil its stablecoin business blueprint.

The company plans to hold a corporate briefing on February 9 to discuss its global business strategy, aiming to enhance investor understanding and corporate value.

Before the related content is announced, proposals in the political sphere to utilize digital assets to achieve KOSDAQ 3000 have been reported, attracting widespread attention from institutional investors and analysts.

Hecto Innovation acquired blockchain wallet infrastructure technology company Hecto Wallet One in September last year, officially launching its stablecoin business. Hecto Wallet One is a VASP (Virtual Asset Service Provider) with blockchain wallet infrastructure technology, with 40% of licensed VASP companies in Korea using its services. Hecto Wallet One supplies B2B wallet infrastructure solutions “Octet” and B2C wallet services “OhaiWallet” to industries such as finance, fintech, and circulation.

At this briefing, Hecto Innovation will publicly disclose its Hecto stablecoin business strategy, emphasizing the positive cycle of customer acquisition and retention through payments and digital asset wallets, explaining why it focuses on digital asset wallets and future global expansion plans.

The company emphasizes that digital asset wallets are the gateway to Web3. From managing personal keys, sending and receiving virtual assets, to accessing and using Web3 services, digital asset wallets are essential infrastructure in the blockchain ecosystem.

As domestic stablecoin legislation is completed in the future, demand for wallets for both corporate and personal use will expand. In the international market, wallet-related companies like Fireblocks and BitGo have valuations reaching hundreds of trillions of Korean won.

Hecto Innovation plans to internalize digital asset wallet technology through Hecto Wallet One, expanding its long-standing expertise in certification and security into the Web3 environment. Leveraging digital asset wallets to penetrate the B2C market is also a potential synergy point. Since 2022, the company has developed and operated multiple platforms, accumulating rich experience. Practical business experience, platform development capabilities, and a customer base will be key assets for service expansion.

Its subsidiary, fintech company Hecto Financial, has the ability to circulate stablecoins in the global market and has a direct synergy with digital asset wallets. Currently, Hecto Financial is building a cross-border payment hub network through stablecoin infrastructure and global network expansion. By establishing partnerships with global enterprises, Hecto Financial will provide diversified services based on the institutionalization of the stablecoin market.

A representative of Hecto Innovation stated, “This briefing will detail the stablecoin ecosystem envisioned by Hecto Innovation,” adding, “Centered around digital asset wallets, Hecto Innovation will handle the B2C sector, while Hecto Financial will provide services for the B2B sector, building an independent ecosystem through organic connections.”