HancomWITH Engages in Virtual Asset Business Through Arowana Project
– Hancom WITH, participate in Arowana Tech through Hancom Singapore, an overseas subsidiary.
– Arowana Tech issues ‘Arowana Token (ARW)’ and promotes listing on the domestic virtual asset exchange.
HancomWITH (CEO Hong Seung-pil and Kim Hyun-soo), an affiliate of Hancom Group, will participate in the virtual asset business.
HancomWITH announced on the 13th that it invested its stake in Arowana Tech through Hancom Singapore, an overseas corporation, and aims to participate as a technology partner in the gold-based Arowana project conducted by Arowana Tech.
The Arowana Project aims to increase the trust of the gold distribution process with blockchain technology, contribute to the fostering of the gold business, and provide a digital platform for individuals to easily trade gold. Since Arowana Token (ARW) is planned to be used in various ways with services provided on these digital platforms, it is expected that its utilization value in the digital financial market will be very high based on high reliability.
Arowana Tech is currently seeking to list Arowana Token (ARW) on the virtual asset exchange.
In addition to providing technology to Arowana Tech, HancomWITH plans to support the spread of tokens by actively linking Arowana Token (ARW) to various new businesses such as digital asset platforms, XR (VR/AR) convergence shopping malls, gold-based mobile gift certificates, and HancomPay.
HancomWITH acquired the Gold Exchange in June last year, and has since been establishing various business models aimed at digital financial businesses that incorporate gold-based blockchain technology.
An official from HancomWITH said, “The final goal is to digitalize real assets and establish an ecosystem where free transactions across borders take place on digital platforms.”