[edaily – Reporter Yoonjung Lee] Blockchain venture company ZEKTO Co., Ltd. announced on the 18th that it has completed the application for a “Patent on the Operation and Management Technology of Blockchain-based Collateralized Stablecoins.
This patented technology is designed as a universal architecture that can be implemented in various environments, including KONET Mainnet, Ethereum, independent mainnets, and both public and private blockchains. It encompasses the entire lifecycle of a stablecoin—from issuance, distribution, settlement, and burning to value stabilization.
Based on its previously registered patent for blockchain-based payment intermediation, ZEKTO has advanced the technical sophistication of its stablecoin system through this latest application. Leveraging the EVM (Ethereum Virtual Machine) compatibility of the KONET Mainnet, it ensures scalability and interoperability across multiple blockchain environments. This significantly enhances the real-world applicability of the system to financial institutions, global merchants, online payment platforms, and remittance networks.
The technology is grounded in a collateralized stablecoin issuance model, wherein only individuals, companies, or financial institutions that meet certain criteria can deposit fiat or cryptocurrency assets as collateral. The collateral ratio is automatically calculated and verified in real time, ensuring technical transparency and stability throughout the issuance and burning process.
Furthermore, the system includes an algorithm to automatically adjust liquidity in case of significant deviations from the stablecoin’s pegged price, thus maintaining price stability. It also incorporates a token governance model that allows for additional token issuance or burning based on revenue in cases of insufficient collateral.
ZEKTO has also integrated AML/KYC verification, suspicious transaction detection, and automatic transaction restrictions into this patented technology to ensure regulatory compliance in accordance with financial regulations in various countries. Particularly noteworthy is its cross-chain bridge technology and SWIFT integration, enabling connections with Ethereum and other blockchains, as well as global financial networks.
KONET is a high-performance public mainnet independently developed by ZEKTO using domestic technology. It serves as an infrastructure platform that supports the entire Web3 ecosystem, including content investment, digital payments, and on-chain finance. Its multi-chain structure and globally scalable architecture position Korea as a potential digital finance hub driven by technology.
A ZEKTO representative stated, “This patent is more than just a technical registration—it represents a comprehensive design of the essential components needed for a Web3-based digital currency system to function in real-world payment and remittance infrastructures.” They added, “We are preparing to expand with various domestic and global partners across B2B payments, online/offline commerce, and international remittances, using our stablecoin technology that directly connects to the real economy.”
This article is a translated news piece from Korean, generated using AI technology.
View Original Article
[edaily – Reporter Yoonjung Lee] Blockchain venture company ZEKTO Co., Ltd. announced on the 18th that it has completed the application for a “Patent on the Operation and Management Technology of Blockchain-based Collateralized Stablecoins.
This patented technology is designed as a universal architecture that can be implemented in various environments, including KONET Mainnet, Ethereum, independent mainnets, and both public and private blockchains. It encompasses the entire lifecycle of a stablecoin—from issuance, distribution, settlement, and burning to value stabilization.
Based on its previously registered patent for blockchain-based payment intermediation, ZEKTO has advanced the technical sophistication of its stablecoin system through this latest application. Leveraging the EVM (Ethereum Virtual Machine) compatibility of the KONET Mainnet, it ensures scalability and interoperability across multiple blockchain environments. This significantly enhances the real-world applicability of the system to financial institutions, global merchants, online payment platforms, and remittance networks.
The technology is grounded in a collateralized stablecoin issuance model, wherein only individuals, companies, or financial institutions that meet certain criteria can deposit fiat or cryptocurrency assets as collateral. The collateral ratio is automatically calculated and verified in real time, ensuring technical transparency and stability throughout the issuance and burning process.
Furthermore, the system includes an algorithm to automatically adjust liquidity in case of significant deviations from the stablecoin’s pegged price, thus maintaining price stability. It also incorporates a token governance model that allows for additional token issuance or burning based on revenue in cases of insufficient collateral.
ZEKTO has also integrated AML/KYC verification, suspicious transaction detection, and automatic transaction restrictions into this patented technology to ensure regulatory compliance in accordance with financial regulations in various countries. Particularly noteworthy is its cross-chain bridge technology and SWIFT integration, enabling connections with Ethereum and other blockchains, as well as global financial networks.
KONET is a high-performance public mainnet independently developed by ZEKTO using domestic technology. It serves as an infrastructure platform that supports the entire Web3 ecosystem, including content investment, digital payments, and on-chain finance. Its multi-chain structure and globally scalable architecture position Korea as a potential digital finance hub driven by technology.
A ZEKTO representative stated, “This patent is more than just a technical registration—it represents a comprehensive design of the essential components needed for a Web3-based digital currency system to function in real-world payment and remittance infrastructures.” They added, “We are preparing to expand with various domestic and global partners across B2B payments, online/offline commerce, and international remittances, using our stablecoin technology that directly connects to the real economy.”
This article is a translated news piece from Korean, generated using AI technology.
View Original Article