Hanpass, a South Korean fintech firm, is weighing a stablecoin push, a move that would place the company's cross-border payments business at the center of the country's growing interest in digital asset rails. The step is being framed as an exploratory, forward-looking initiative rather than a confirmed product launch.
Hanpass, a South Korean fintech firm, is weighing a stablecoin push, a move that would place the company's cross-border payments business at the center of the country's growing interest in digital asset rails. The step is being framed as an exploratory, forward-looking initiative rather than a confirmed product launch.
The tokenized fund was structured through KAIO, whose platform lists the Mubadala-linked product among its on-chain private markets offerings, according to KAIO . Coinbase's participation was reported as the exchange taking a stake in the on-chain fund, as first reported by CoinDesk .
The clearest confirmed detail is timing: Sberbank frames the effort as a 2026 target, according to the bank's press materials . That makes the plan a statement of direction rather than an active service.
Europe's tougher crypto compliance regime could push smaller firms toward mergers, acquisitions, and strategic exits, as the cost of meeting a high regulatory bar rewards scale and squeezes standalone operators.
BitMart is winding down its exchange and will end trading by Aug. 26, giving users a fixed and fast-approaching deadline to review their accounts before the platform closes its trading operations.
The report is attributed to The Wall Street Journal , which frames the discussions as part of an intensifying competition in prediction markets. For related coverage, see SEC Charges Florida Man and Company Over Alleged $22M Crypto Mining Fraud .
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