Hekto Innovation Signs Agreement with Vitoz for Comprehensive Verification of Stablecoin Process

Hekto Innovation collaborates with Vitoz to technically verify the entire process of stablecoin issuance to burning. Under the memorandum of understanding signed on the 13th, the two companies agreed to work together in the areas of issuance, circulation, and utilization of stablecoins by combining blockchain infrastructure and digital asset wallet technology. The core of this agreement is the proof of concept (PoC), which aims to closely examine the process from issuance to circulation, payment, settlement, and finally burning of the stablecoin in an environment similar to actual usage. Hekto Group's employee welfare points will be utilized for verification, and these will be implemented as on-chain assets to confirm the overall operational structure. Hekto Innovation will participate as a validator in the Vitoz network, checking node operations and transaction validity verification systems, and will support the Vitoz blockchain in the digital asset wallet developer tool 'Octet'. This agreement aims to test the wallet infrastructure along with the issuance and burning flow, following the payment terminal and settlement stages. Hekto Innovation plans to continuously secure stablecoin use cases through this PoC. The actual supply to the financial sector and the timing of the transition to commercial services will require separate announcements.

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