The cooperation between Japan and South Korea on stablecoins has started! The Japanese yen JPYC is teaming up with a South Korean IT giant to explore new paths for cross-border asset tokenization.

[Bit推] The Japanese stablecoin project JPYC recently announced a partnership with the South Korean IT company ITCEN GLOBAL. The two parties will engage in depth cooperation in the fields of stablecoin research and cross-border financial innovation.

This collaboration is quite promising. The two institutions focus on policy sharing and practical experience exchange, creating conditions for cross-border stablecoin circulation and asset tokenization (RWA) between Japan and South Korea. In simple terms, it aims to combine the two popular tracks of digital currency and traditional asset tokenization.

ITCEN GLOBAL is a sizable enterprise with an annual revenue of about 5 trillion Korean Won. Its Korda platform is advancing the gold RWA project K-Gold and has already launched RWA and STO (Security Token Offering) operations in Japan, accumulating considerable practical experience. This means that partners have ready-made technology and market foundations, not just an ungrounded concept.

From a broader perspective, stablecoins and RWAs are both hot topics in the Web3 market. As major financial powers in Asia, Japan and South Korea have advantages in both policy and technology. This cross-border cooperation will help promote the standardization of asset tokenization within the region and may also serve as a model for other countries to learn from.