Venture startup ZEKTO announced on the 17th that it has completed the patent registration for a 'Method for Operating and Managing a Blockchain-based Collateralized Stablecoin and a Stablecoin Service System for the Same.' / Photo provided by ZEKTO
[Financial News] As internet-only banks point to stablecoins as the next-generation financial infrastructure, a newly developed technology that manages the balance between actual issuance and collateral assets to build market trust is expected to be commercialized.
Core Technology: 'Digital Vault' Blocking Collateral Value Fluctuation Risks
AI blockchain venture startup ZEKTO announced on the 17th that it has developed and completed the patent registration for a 'Method for Operating and Managing a Blockchain-based Collateralized Stablecoin and a Stablecoin Service System for the Same.'
The core of this patent is the 'Digital Vault' technology, which fundamentally blocks the liquidity crisis (bank run) and collateral value fluctuation risks that have been pointed out as limitations of existing stablecoins.
Furthermore, it features an automated algorithm that resolves key issues prioritized by banks and Payment Gateway (PG) companies. These include 'real-time settlement,' 'minimization of exchange rate slippage' (the difference between the expected price of a trade and the actual executed price), and 'compliance' for robust risk management.
Providing Real-Time Settlement and Bank Run Prevention Services
Through the development of this system, ZEKTO anticipates providing three core services to the market.
First is automated real-time settlement and bank run prevention. If the value of the stablecoin in the external market falls below the permitted range, the technology automatically burns circulating stablecoins and restricts new issuance. It can also instantly execute liquidity reduction measures such as withdrawal limits.
Conversely, if the value rises, it initiates 'pegging' to maintain the price at a certain level through liquidity expansion measures like automated additional issuance and incentive payments. In addition, risks will be precisely managed based on various indicators. For example, when calculating the collateral ratio, it does not rely on a simple single market price.
It applies a method of calculating real-time internal value using a weighted model that integrates multiple indicators, including real-time price, Time-Weighted Average Price (TWAP), Volume-Weighted Average Price (VWAP), and real-time volatility.
ZEKTO expects this will safely protect the collateral assets of financial institutions from rapid market volatility. Lastly, it has increased reliability by building a financial infrastructure that meets institutional regulatory standards.
Before executing stablecoin issuance or liquidity expansion measures, it verifies user identity (KYC) and Anti-Money Laundering (AML) status, and determines whether there are any suspicious transactions. If an abnormal transaction is detected, it immediately blocks the request, providing an environment on par with the institutional financial system.
CEO Lee Yu Jin: "Expanding Proof of Concept (PoC) Partnerships with Financial Institutions"
CEO Lee Yu Jin of ZEKTO stated, "This patent registration goes beyond simply securing technology; it is the result of proving the safety and reliability of our company's stablecoin infrastructure to a level where it can be immediately deployed into the payment networks of commercial banks and global PG companies."
Lee added, "We are currently preparing for official council activities in major fintech and stablecoin sectors. Based on this patented technology, we will actively expand Proof of Concept (PoC) partnerships regarding payment and settlement automation with major financial institutions."
This article was translated from Korean news using AI technology. The original Korean news is the accurate version, and mistranslations may occur during the translation process.
View Original Article
"자동차엔 브레이크, 코인엔 자동 통제 시스템" 젝토, 스테이블코인 운영 특허 확보
젝토, 코인 '안전성 100%' 자동 통제…담보형 스테이블코인 운영 특허 취득
“테라·루나 사태 안 간다”… 젝토, ‘디페깅·지급준비율 리스크’ 원천 차단 특허로 B2B 결제망 정조준
젝토, 스테이블코인 운영관리 특허 확보… 담보·유동성 자동화 기술로 안정성 강화
Venture startup ZEKTO announced on the 17th that it has completed the patent registration for a 'Method for Operating and Managing a Blockchain-based Collateralized Stablecoin and a Stablecoin Service System for the Same.' / Photo provided by ZEKTO
[Financial News] As internet-only banks point to stablecoins as the next-generation financial infrastructure, a newly developed technology that manages the balance between actual issuance and collateral assets to build market trust is expected to be commercialized.
Core Technology: 'Digital Vault' Blocking Collateral Value Fluctuation Risks
AI blockchain venture startup ZEKTO announced on the 17th that it has developed and completed the patent registration for a 'Method for Operating and Managing a Blockchain-based Collateralized Stablecoin and a Stablecoin Service System for the Same.'
The core of this patent is the 'Digital Vault' technology, which fundamentally blocks the liquidity crisis (bank run) and collateral value fluctuation risks that have been pointed out as limitations of existing stablecoins.
Furthermore, it features an automated algorithm that resolves key issues prioritized by banks and Payment Gateway (PG) companies. These include 'real-time settlement,' 'minimization of exchange rate slippage' (the difference between the expected price of a trade and the actual executed price), and 'compliance' for robust risk management.
Providing Real-Time Settlement and Bank Run Prevention Services
Through the development of this system, ZEKTO anticipates providing three core services to the market.
First is automated real-time settlement and bank run prevention. If the value of the stablecoin in the external market falls below the permitted range, the technology automatically burns circulating stablecoins and restricts new issuance. It can also instantly execute liquidity reduction measures such as withdrawal limits.
Conversely, if the value rises, it initiates 'pegging' to maintain the price at a certain level through liquidity expansion measures like automated additional issuance and incentive payments. In addition, risks will be precisely managed based on various indicators. For example, when calculating the collateral ratio, it does not rely on a simple single market price.
It applies a method of calculating real-time internal value using a weighted model that integrates multiple indicators, including real-time price, Time-Weighted Average Price (TWAP), Volume-Weighted Average Price (VWAP), and real-time volatility.
ZEKTO expects this will safely protect the collateral assets of financial institutions from rapid market volatility. Lastly, it has increased reliability by building a financial infrastructure that meets institutional regulatory standards.
Before executing stablecoin issuance or liquidity expansion measures, it verifies user identity (KYC) and Anti-Money Laundering (AML) status, and determines whether there are any suspicious transactions. If an abnormal transaction is detected, it immediately blocks the request, providing an environment on par with the institutional financial system.
CEO Lee Yu Jin: "Expanding Proof of Concept (PoC) Partnerships with Financial Institutions"
CEO Lee Yu Jin of ZEKTO stated, "This patent registration goes beyond simply securing technology; it is the result of proving the safety and reliability of our company's stablecoin infrastructure to a level where it can be immediately deployed into the payment networks of commercial banks and global PG companies."
Lee added, "We are currently preparing for official council activities in major fintech and stablecoin sectors. Based on this patented technology, we will actively expand Proof of Concept (PoC) partnerships regarding payment and settlement automation with major financial institutions."
This article was translated from Korean news using AI technology. The original Korean news is the accurate version, and mistranslations may occur during the translation process.
View Original Article
"자동차엔 브레이크, 코인엔 자동 통제 시스템" 젝토, 스테이블코인 운영 특허 확보
젝토, 코인 '안전성 100%' 자동 통제…담보형 스테이블코인 운영 특허 취득
“테라·루나 사태 안 간다”… 젝토, ‘디페깅·지급준비율 리스크’ 원천 차단 특허로 B2B 결제망 정조준
젝토, 스테이블코인 운영관리 특허 확보… 담보·유동성 자동화 기술로 안정성 강화