Suhoaio Signs Strategic Agreement with Patioor for Cross-Border Payment and Settlement Infrastructure

Suhoaio has signed a strategic memorandum of understanding with Patioor to establish cross-border payment and settlement infrastructure. Patioor is a global network that settles cross-border transactions in real-time based on the US dollar, Singapore dollar, and euro, with shareholders including DBS Bank, JP Morgan, and Standard Chartered. Under this agreement, Suhoaio's payment and settlement platform, 'Suho Partner Hub,' will enable multi-currency settlements within Patioor's deposit token network. The Suho Partner Hub is a software-as-a-service platform that supports remittances, payments, and investments using deposit tokens and various digital assets without complex infrastructure for businesses and institutions. Ahead of its official launch next month, it has been equipped to support 25 currencies across 125 countries and includes features for tokenized stock and gold trading. By utilizing Patioor's deposit token network, real-time low-cost multi-currency settlements can be achieved, addressing delays and fees associated with existing cross-border remittances. The Bank of Korea participated in the prototype validation of the cross-border payment project 'Project Agora' and conducted real transaction tests with major commercial banks. This agreement lays the groundwork for linking the deposit token settlement network between private banks and the Suho Partner Hub. Suhoaio has accumulated experience in building financial infrastructure based on digital currencies and plans to support the global market expansion of domestic financial institutions through this agreement.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.