KOSDAQ-listed Bankware Global saw its shares rise early on the 27th on news that it signed a memorandum of understanding (MOU) with a U.S. stablecoin issuer and is pursuing a concrete partnership agreement.
As of 9:46 a.m., Bankware Global was trading at 6,860 won, up 960 won (16.27%) from the previous session.
Bankware Global, which provides core banking systems and financial IT infrastructure modernization solutions to banks and Fintech corporations in Asia, said before the regular session opened that it began formal talks with ANZENS, the issuer of the U.S. dollar-based stablecoin USDA, for a concrete partnership agreement.
Bankware Global signed an MOU with ANZENS in December last year. Since the MOU, the two companies have been in active technical exchanges and are working on detailed talks to finalize a full partnership agreement.
When the talks move into the final stage, the company plans to sequentially review a pilot test of stablecoin-based overseas remittances, starting with Bankware Japan, Bankware Global’s Japanese subsidiary.
A Bankware Global official said, “Beyond the overseas remittance sector, we plan to expand the scope of cooperation to the Cardano scalability blockchain ‘Midnight’ and to the AI-Blockchain convergence technology we are independently developing, to maximize the two companies’ technological synergy and create new business opportunities.”
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