In a significant move for the South Korean cryptocurrency landscape, Hashed has launched a new subsidiary aimed at enhancing the development of regulated digital financial products. The document provides a justification for the fact that this initiative could pave the way for more secure and compliant crypto offerings in the region.
Introduction of Hashed Open Finance
The newly formed entity, Hashed Open Finance, will focus on advancing projects related to
- stablecoins
- real-world asset tokenization
- security token offerings
Goals and Vision
By establishing Hashed Open Finance, the company aims to create compliant financial products that can seamlessly integrate with traditional financial institutions. This approach not only positions Hashed as a leader in the evolving digital finance sector but also highlights the growing importance of regulatory compliance in the cryptocurrency market.
Recently, the US Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to incorporate cryptocurrency into loan applications, highlighting a shift in traditional finance. For more details, see this article.
