- Building a digital asset trading and settlement platform centered on a blockchain-based “Super Wallet”
- Jointly promoting real-world asset tokenization services linked to local microfinance in Southeast Asia
- Accelerating commercialization through step-by-step validation, from asset digitization to regulatory review
Seoul Labs, a blockchain and fintech company led by CEO Jang Do-hee, and Real World Asset, led by CEO Kim Su-nyeon and currently developing a financial service model based on real-world asset (RWA) digitization and tokenization, have begun working together to target the Southeast Asian market.
On the 6th, Seoul Labs announced that it had signed a memorandum of understanding (MOU) with Real World Asset to jointly pursue microfinance, fintech, and RWA-based financial services in Southeast Asia.
The agreement stems from the view that the Southeast Asian market still faces limitations in financial accessibility, along with persistent issues surrounding the valuation and credibility of collateral and assets, as well as inefficiencies in transaction and settlement processes. Through working-level consultations, the two companies plan to move forward in phases, from reviewing the feasibility of asset digitization and tokenization to designing product and service structures, developing transaction and settlement processes, integrating technologies, examining laws and regulatory conditions, and validating the applicability of the business in local markets.
Seoul Labs will take charge of business planning, platform development, operating structure design, and the discovery and connection of local partners, with its blockchain-based digital wallet “Super Wallet” at the center of the initiative. Super Wallet is designed as an integrated wallet platform that connects user authentication and qualification verification, transactions and settlements, and electronic proof documentation in a single flow. Seoul Labs said it aims to establish an execution framework that improves onboarding and operational efficiency so that RWA-based financial services can become services that are actually used in local markets.
Based on its existing solutions, Real World Asset will carry out financial data analysis, technical reviews, and verification of service applicability. From an RWA perspective, the company will examine asset structures and operating processes, while also reviewing risk factors in local environments to enhance the safety and reliability of the overall business design.
The two companies have also set a roadmap to conduct a proof of concept (PoC) in connection with local financial institutions, merchants, and platforms, then expand into phased commercialization depending on the outcome of the validation. Since regulatory compliance, user protection, and asset verification systems are key to RWA-based financial services, the companies said they will review relevant laws and regulatory environments at every stage of the project. Specific matters under the agreement, including the scope of business, division of roles, cost sharing, profit distribution, intellectual property rights, scope of liability, and implementation schedule, will be finalized through separate contracts or individual agreements. Except for the confidentiality clause, the MOU is not legally binding.
Jang Do-hee, CEO of Seoul Labs, said, “RWA-based financial services can serve as an alternative that expands financial accessibility by enhancing trust in real-world assets and increasing transparency in transactions and settlements. Together with Real World Asset, we will closely verify local regulations and practical applicability, push ahead with a PoC linked to Super Wallet, derive a viable business model, and then concretize phased commercialization and global expansion.”
Kim Su-nyeon, CEO of Real World Asset, said, “RWA requires a sophisticated system covering everything from design and verification to transactions, settlements, and regulatory review. Together with Seoul Labs, we will design a secure structure and expand the scope of cooperation in the Southeast Asian market based on proven results.”
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