Nodit, CLAIR, SCOPE to support on-chain financial infrastructure

Company to speak at institutional session of 'Ethereum Korea One' in September

[Provided by Lambda256]
[Provided by Lambda256]

Lambda256 announced Monday that it has joined the Ethereum Korea Consortium (EKC).

The EKC is a private industry body launched in April to promote research, development and institutional cooperation within South Korea's Ethereum ecosystem. It operates across four divisions — community, infrastructure, institutional cooperation, and content and research — and Lambda256's entry brings the total number of member companies to 13.

Lambda256 will participate in the institutional cooperation division, drawing on its experience in enterprise blockchain infrastructure and on-chain compliance. Its blockchain infrastructure platform Nodit provides node and Web3 data API services across more than 50 blockchain networks, processing more than 400 million transactions per day on average.

Alongside this, the company's on-chain compliance platform CLAIR supports anti-money laundering operations, including suspicious transaction detection, fund tracing and suspicious transaction reporting. Its on-chain financial platform SCOPE helps financial institutions execute their policies and operational procedures in an on-chain environment.

Lambda256 will also take part in the EKC's annual conference, "Ethereum Korea One: Genesis," to be held in Seoul on Sept. 28-29. The institutional session on Sept. 28 at Conrad Seoul in Yeouido is expected to draw representatives from banks, asset management firms, securities companies and policy officials. The following day's event will be held as a public gathering at Informal Square in Seoul Forest, Seongsu.

"When financial institutions consider adopting Ethereum-based services, they struggle less with the chain itself and more with building regulatory compliance and operational frameworks," said Cho Won-ho, Lambda256's chief business officer. "We have handled everything from node and data infrastructure to compliance and on-chain financial operations as a single stack, and we intend to contribute to addressing the real challenges institutions need to validate within the consortium."

Meanwhile, Lambda256 and Hana Financial Group began work in June on building a blockchain-based overseas remittance and payment system. Market observers say the collaboration could give rise to a Korean equivalent of the Kinexys model.


kyoung@heraldcorp.com