South Korean gaming giant WEMADE, the parent company of the WEMIX blockchain ecosystem, has signed a Memorandum of Understanding (MOU) with NICE Information & Telecommunication (NICE I&T), a leading provider of integrated payment solutions and financial services. The partnership aims to research and develop a Web3-traditional finance payment infrastructure, bridging blockchain technology with conventional payment networks.
Strategic Collaboration for Innovation
The agreement establishes a collaborative foundation for both companies to leverage their expertise in blockchain and payment solutions. WEMADE and NICE I&T will conduct joint research, preparatory implementation, and testing to integrate Web3 with traditional financial systems. This long-term partnership focuses on mutual trust and aims to accelerate cross-border payments by incorporating blockchain technology into legacy financial systems.
Key Areas of Focus
The partnership will involve extensive information sharing on stablecoins and blockchain-based payment technologies. A primary focus is evaluating methods to integrate blockchain within existing financial systems to speed up cross-border transactions. Specifically, WEMIX, WEMADE's native coin, and USDC.e, a stablecoin enabling use of Ethereum-based USDC on the WEMIX 3.0 mainnet, will be integrated into NICE I&T's payment networks. Since NICE I&T's footprint covers virtually all merchants in South Korea, this move will unlock real-world usability across nearly all stores nationwide. Additionally, the companies plan to explore the commercial viability of tokenized assets, including Real-World Assets (RWA).
Global Alliance for KRW Stablecoin
Concurrently, NICE I&T will join the Global Alliance for KRW Stablecoin (GAKS), led by WEMADE. Formed in November 2025, GAKS aims to drive real-world utility of KRW-backed stablecoins and includes industry leaders like Chainlink, Chainalysis, CertiK, and Sentbe. Within the alliance, NICE I&T will cooperate on strategies regarding digital asset regulatory trends, market shifts, and the successful issuance of the KRW stablecoin.
Executive Insights
Shane Kim, VP of WEMADE and CEO of WEMIX, stated: "This partnership represents a shared vision to explore how blockchain technology can seamlessly interface with the traditional financial environment. Alongside NICE I&T, the undisputed leader in South Korean payment infrastructure, we are committed to delivering meaningful milestones through rigorous research and testing, while establishing an industry-leading stablecoin ecosystem aligned with GAKS' vision."
Kang Se-Hyun, Managing Director of NICE I&T's Stablecoin Task Force Team, added: "NICE has continuously explored ways to connect digital asset-based payments with the existing financial ecosystem, drawing on our extensive payment infrastructure and stability. Through this partnership, we will rigorously test the real-world potential of Web3 payment technology and commit to building a next-generation payment experience that users and merchants can rely on."
