Dozen and Solana Join Forces for Web3 Payment Innovation

South Korean digital financial services provider Dozen has entered into a strategic partnership with the Solana Foundation to develop advanced financial infrastructure aimed at supporting the evolving Web3 economy. The collaboration extends beyond stablecoin payments and includes initiatives involving AI-driven commerce, cross-border transactions, digital asset infrastructure, and tokenization of real-world assets.

The agreement was formalized through a Memorandum of Understanding (MOU) signed on June 19. Representatives present at the signing ceremony included Dozen Chief Executive Officer Cho Chul-han, Solana Foundation Asia-Pacific Business Development Head Lu Yin, and Solana Foundation Korea General Manager Lee Sung-san.

Under the partnership, the organizations intend to collaborate on a range of initiatives, including stablecoin-based payment and settlement systems, international remittance services, AI-powered payment solutions, ecosystem development within Solana’s blockchain network, and real-world asset tokenization.

Stablecoin Infrastructure at the Core

The centerpiece of the collaboration is the development of a next-generation payment and settlement infrastructure powered by stablecoins and smart-contract technology.

The partners plan to establish a payment framework utilizing U.S. dollar-backed stablecoins while implementing a Delivery versus Payment (DvP) model. Within this structure, Dozen will act as a payment partner, bridging traditional financial networks with blockchain-based systems to facilitate more efficient transactions.

As discussions surrounding the legalization of Korean won-backed stablecoins continue to gain momentum in South Korea, the two organizations also intend to assess opportunities for future expansion into won-denominated stablecoin payment services.

Enhancing Cross-Border Payments and Remittances

The agreement also places significant emphasis on international payment services. By combining Solana’s high-speed blockchain infrastructure with Dozen’s experience in financial operations, the companies aim to create more efficient cross-border payment solutions.

The initiative is expected to lower remittance costs, improve transaction transparency, and significantly accelerate processing times for international money transfers.

These improvements could strengthen the competitiveness of blockchain-based financial services while addressing longstanding inefficiencies in traditional remittance systems.

AI Agents Enter the Commerce Ecosystem

Another major area of focus involves the integration of artificial intelligence into financial transactions. The companies are jointly exploring an Agentic Commerce framework in which AI agents can independently execute purchasing decisions and complete payment and settlement processes without direct human involvement.

The envisioned model would enable AI systems to identify products, evaluate purchasing options, complete transactions, and finalize settlements autonomously. Such developments could reshape digital commerce by introducing a higher degree of automation into online purchasing experiences.

Expanding the Solana Ecosystem and RWA Opportunities

The partnership is also expected to deepen Dozen’s engagement with the Solana ecosystem, one of the most active decentralized finance networks in the blockchain industry. Through collaboration with developers, infrastructure providers, and application builders operating on Solana, Dozen intends to establish blockchain-based payment rails capable of supporting future financial applications.

Additionally, the companies will explore opportunities in the rapidly growing field of Real-World Asset (RWA) tokenization. Their efforts will include evaluating practical applications for digital assets and developing technology strategies tailored to both South Korean and international markets.

The partnership seeks to create a comprehensive Web3 financial platform that combines stablecoin payments, AI-driven commerce, global remittances, and tokenized real-world assets within a unified ecosystem.

Commenting on the collaboration, Lu Yin indicated that building a borderless Web3 payment ecosystem in South Korea alongside a company with strong financial infrastructure represented an important milestone. He added that the partnership aims to generate meaningful business outcomes in global financial markets by leveraging Solana’s high-performance blockchain technology.

Cho Chul-han also stated that the alliance strengthens Dozen’s Web3 technological capabilities and accelerates the development of advanced payment infrastructure. He further noted that the company intends to build an innovative financial platform encompassing AI-powered commerce and international remittance services.

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