[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  先物太郎 [@Taro_Sakimono](/creator/twitter/Taro_Sakimono) on x 1649 followers Created: 2025-07-24 07:57:31 UTC In 2017, SBI Group began full-scale investment in local FinTech companies in South Korea with the aim of building international remittance infrastructure utilizing Distributed Ledger Technology (DLT) in the Korean market. Specifically, it invested in South Korea’s DAYLI Financial Group (DFG), positioning its subsidiaries Coinone (a cryptocurrency exchange) and DAYLI Intelligence (a blockchain solutions company) as strategic partners. At the same time, SBI also invested in Coinplug, a company with blockchain technology, thereby securing a foundation in Korea’s mobile remittance and digital financial services sectors. Starting from this investment, remittance routes utilizing Ripple technology were gradually formed in Korea. In 2018, Coinone Transfer was established as a corporate remittance subsidiary of Coinone, and in May of the same year, it officially joined RippleNet. This created a Korean won-based remittance gateway, enabling low-cost, instant remittances connected to Japan (SBI Remit) and Southeast Asian countries. Coinone Transfer later launched its services under the “Cross” brand and, by leveraging RippleNet’s extensive network, achieved an average monthly remittance volume growth of XX% and a customer retention rate of 80%. Furthermore, SBI FinTech Solutions and Coinplug established a joint venture, “SBI Cosmoney,” in early 2018, providing another route for mobile international remittance services from Korea to overseas. Thus, two parallel remittance networks—Cross (Coinone Transfer) and Cosmoney (Coinplug)—were built in the Korean market. SBI Ripple Asia successfully positioned Korea as an important node in RippleNet’s strategy connecting Japan, Korea, and ASEAN. Then in 2025, Coinone itself newly listed XDC Network (a trade finance and R3 Corda-compatible blockchain), signaling the next stage of infrastructure evolution in the Korean market. With RippleNet covering the international remittance domain and XDC/R3 covering trade finance and RWA tokenization, a structure connecting these networks via Coinone is becoming a reality. Cross, as a Korean won-based remittance gateway operating on RippleNet, together with Coinone Exchange providing XDC liquidity, could lead to an integrated hybrid financial network combining remittance and trade finance, originating from Korea. In other words, SBI built Ripple-based remittance infrastructure in the Korean market through a dual strategy with DAYLI Intelligence (Coinone Transfer) and Coinplug, and from 2025 onwards, it has laid the groundwork to advance the complementary integration of RippleNet and XDC/R3 networks via Coinone. Korea is positioned not only as an international remittance hub connecting Japan and Southeast Asia but also as a future key base in Asia where trade finance and international remittance will merge. XXX engagements  **Related Topics** [blockchain](/topic/blockchain) [cryptocurrency](/topic/cryptocurrency) [coinone](/topic/coinone) [dfg](/topic/dfg) [stocks technology](/topic/stocks-technology) [ledger](/topic/ledger) [south korea](/topic/south-korea) [fintech](/topic/fintech) [Post Link](https://x.com/Taro_Sakimono/status/1948291441207418991)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
先物太郎 @Taro_Sakimono on x 1649 followers
Created: 2025-07-24 07:57:31 UTC
In 2017, SBI Group began full-scale investment in local FinTech companies in South Korea with the aim of building international remittance infrastructure utilizing Distributed Ledger Technology (DLT) in the Korean market. Specifically, it invested in South Korea’s DAYLI Financial Group (DFG), positioning its subsidiaries Coinone (a cryptocurrency exchange) and DAYLI Intelligence (a blockchain solutions company) as strategic partners. At the same time, SBI also invested in Coinplug, a company with blockchain technology, thereby securing a foundation in Korea’s mobile remittance and digital financial services sectors.
Starting from this investment, remittance routes utilizing Ripple technology were gradually formed in Korea. In 2018, Coinone Transfer was established as a corporate remittance subsidiary of Coinone, and in May of the same year, it officially joined RippleNet. This created a Korean won-based remittance gateway, enabling low-cost, instant remittances connected to Japan (SBI Remit) and Southeast Asian countries. Coinone Transfer later launched its services under the “Cross” brand and, by leveraging RippleNet’s extensive network, achieved an average monthly remittance volume growth of XX% and a customer retention rate of 80%.
Furthermore, SBI FinTech Solutions and Coinplug established a joint venture, “SBI Cosmoney,” in early 2018, providing another route for mobile international remittance services from Korea to overseas. Thus, two parallel remittance networks—Cross (Coinone Transfer) and Cosmoney (Coinplug)—were built in the Korean market. SBI Ripple Asia successfully positioned Korea as an important node in RippleNet’s strategy connecting Japan, Korea, and ASEAN.
Then in 2025, Coinone itself newly listed XDC Network (a trade finance and R3 Corda-compatible blockchain), signaling the next stage of infrastructure evolution in the Korean market. With RippleNet covering the international remittance domain and XDC/R3 covering trade finance and RWA tokenization, a structure connecting these networks via Coinone is becoming a reality. Cross, as a Korean won-based remittance gateway operating on RippleNet, together with Coinone Exchange providing XDC liquidity, could lead to an integrated hybrid financial network combining remittance and trade finance, originating from Korea.
In other words, SBI built Ripple-based remittance infrastructure in the Korean market through a dual strategy with DAYLI Intelligence (Coinone Transfer) and Coinplug, and from 2025 onwards, it has laid the groundwork to advance the complementary integration of RippleNet and XDC/R3 networks via Coinone. Korea is positioned not only as an international remittance hub connecting Japan and Southeast Asia but also as a future key base in Asia where trade finance and international remittance will merge.
XXX engagements
Related Topics blockchain cryptocurrency coinone dfg stocks technology ledger south korea fintech