Two-thirds of South Korea, more than 30M people, run their financial lives through Toss: banking, payments, investing, credit, taxes, all in one app.
Optimism and Toss just signed an MOU to explore putting the Won onchain.
Citi says $5.5T in assets go on-chain by 2030. The blocker between regulated money and that number is privacy. On a public chain, anyone can see your balances, payments, and trades. So Sunnyside Labs, an OP core dev, built confidential payments into the OP Stack. Here's the case:
The first app-specific quest in the xPoints program is live, and it's on Ink.
Earn boosted xPoints on @nadoHQ by trading xStocks or holding them as collateral.
Tokenized equities that trade 24/7.
Tokenized equities were built to be open: tradable 24/7 and usable in any app onchain.
xPoints rewards the platforms building that market.
Starting today, trade xStocks on @nadoHQ for boosted xPoints plus Nado Points.
Get started: defi.xstocks.fi/points
Toss moves money for two-thirds of South Korea. We're partnering with them to test the OP Stack as the foundation for compliant, blockchain-based digital finance infrastructure. Per @Cointelegraph:
Proud to share what our team has been building.
@PrivacyBoost brings confidential payments to regulated finance without giving up auditability, and now it's being put to the test with @toss__official and @Optimism on Korean Won stablecoin.
We're partnering with Toss to explore a privacy-protected Korean Won stablecoin.
Over the next 3 months, @sunnyside_io, @toss__official, and @Optimism will run a PoC on blockchain infrastructure for regulated digital finance in Korea.
Sunnyside brings the privacy layer. 🧵
Toss, founded in 2015 with Korea's first free P2P transfers, is now a daily financial control center for 60% of the country. Korea is also one of the most crypto-engaged markets anywhere, with an estimated 16M people actively trading digital assets.
This is the fourth time in a year a regulated financial institution has chosen the OP Stack in a different market.
Europe: Bitpanda's Vision Chain
US: Kraken's Ink on OP Enterprise
Japan: Mitsui's Zipangcoin
Korea: Toss
