ARACORE and DOZN to explore stablecoin settlement links for Korea

BPMG subsidiary ARACORE has signed an MOU with KOSDAQ-listed DOZN to examine stablecoin-based cross-border payments and settlements. The collaboration aims to connect South Korean won transactions with international stablecoin networks and test the model through pilot projects.

Why it matters: - The partnership could link South Korea’s domestic payment rails with global stablecoin settlement networks. - The planned integration may help speed cross-border payments, remittances and settlements while aligning with regulatory and compliance requirements. - The effort adds to ARACORE’s push to expand its global settlement ecosystem.

What happened: - BPMG said its U.S. subsidiary, ARACORE, signed a memorandum of understanding with DOZN, a South Korean fintech company listed on the KOSDAQ market. - The companies will explore stablecoin-based cross-border payment and settlement services. - The announcement was made Nov. 5, 2026, in Seoul, South Korea.

The details: - The partnership combines DOZN’s domestic financial, payment and foreign exchange infrastructure with ARACORE’s Institutional Settlement Network. - The companies will examine transaction models that connect South Korean won-denominated transactions with international stablecoin settlements. - DOZN provides financial infrastructure and digital banking solutions. - Its services include financial value-added network services, corporate banking services, virtual accounts and cross-border foreign exchange and settlement services. - The MOU covers potential models for cross-border payments, remittances and settlements. - The work will include integration review for financial APIs and settlement infrastructure. - The companies will also review applicable regulatory and compliance requirements. - ARACORE and DOZN plan to pursue proof-of-concept testing and pilot projects. - The goal of the pilots is to assess technical feasibility and commercialization potential. - ARACORE’s ISN is designed to connect financial institutions, stablecoin issuers, liquidity providers and payment service providers. - The network is intended to facilitate coordinated cross-border transactions and settlements.

Between the lines: - The MOU suggests both companies want to test whether stablecoin settlement can move from concept to operating infrastructure. - ARACORE is building a broader network strategy, not a single bilateral link. - The company is also working with Kbank and HashKey on stablecoin-based remittance initiatives, has joined the Paxos-led Global Dollar Network and has partnerships with Stable and Malaysia-based TEIZA.

What's next: - ARACORE and DOZN will evaluate technical integration, compliance issues and pilot structures. - Proof-of-concept work will determine whether the proposed model can be commercialized. - BPMG said it will continue expanding ARACORE’s global settlement ecosystem through additional partnerships.