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Concluded a business tie-up with Danal Japan Co., Ltd. to develop a payment system utilizing blockchain technology

Standard Capital Co., Ltd. has concluded a business alliance with Danal Japan Co., Ltd. to develop a payment system utilizing blockchain technology.

1. Details of the Business Alliance

Standard Capital Co., Ltd. and Danal Japan Co., Ltd. have concluded a business alliance to establish a payment system development and cooperation system utilizing blockchain technology. Danal Japan develops payment systems and provides infrastructure, while Standard Capital provides payment solutions using blockchain technology.

2. Purpose of concluding the business alliance

Danal Co., Ltd. commercialized the world’s first carrier payment in 2000, and started carrier payment of Samsung Pay in 2018, and has been expanding globally in the mobile payment market. Danal Japan Co., Ltd. is a Japanese subsidiary of Danal Co., Ltd., and focuses on cashless payments for foreign visitors to Japan, working on inbound payments in various countries. Standard Capital Co., Ltd. is engaged in research and development of various financial services utilizing blockchain. With the initiative for financial inclusiveness and the spread around the world, we have concluded a business tie-up with the aim of improving the standard of living of people who have not used financial services before and promoting economic activities.

3. Future development

Standard Capital Co., Ltd. and Danal Co., Ltd. are aiming to create a new economic sphere by promoting the spread of payment systems using blockchains. There are many poor and microenterprises businesses without bank accounts around the world. We will provide assistance to people who have not been able to access financial services in the past to build financial networks that are more convenient and affordable, and to respond to the digitalization of finance in each country. Financial inclusion is in line with the SGDs philosophy of No one left behind, and we will work together with activities that accurately capture market trends, as well as system development.

■ About Danal Japan Co., Ltd.

Company name: Danal Japan
Representative: Riichi Omura
Location: Shinjuku Island Tower 6F, 6-5-1 Nishi Shinjuku, Shinjuku-ku, Tokyo
Established: February 2012
Capital: 50 million yen (as of January 2020)
URL: http://www.danal.jp
Business: Development of mobile payment system and provision of infrastructure

■ About Danal Co., Ltd.

Company name: Danal Co., Ltd. (KOSDAQ 064260)
Representative: CHOI BYUNG WOO
Established: July 1997 Location: 55, Bundang-ro, Bundang-gu, Seongnam-si, Gyeonggi-do (Korea)
Capital: 30,881,857 WON (as of January 2020)
URL: http://www.danal.co.kr/
Business: Development of mobile payment system and provision of infrastructure

■ About Standard Capital

Developing STO (Security Token Offering) business to improve liquidity in the funding market. Established security token exchange “ALLEX” in January 2020 at CEZA, a special economic zone in the Philippines. We are also working on the development of the real estate retail trading platform “J-FTA”.

We are preparing to open security token exchanges in Chile and Indonesia as new stock exchanges, and working on legislation to contribute to the future development of financial markets in South America and Asian countries.Also provided legal support for the drafting of self-regulation by the Japan Security Token Operators Association and legal services for domestic STO

URL:https://standardcapital.co.jp/
Name of representative: Taisei Yamaguchi
Location: Shibuya Ibis Building 203, 2-17-3 Shibuya, Shibuya-ku, Tokyo 150-0002
Established: November 2018
Capital: 343.9 million yen

■ Inquiries about this matter (news release) ■

Public Relations Department, Standard Capital Co., Ltd.
Phone: 03-6805-1517 E-mail address: info@standardcapital.co.jp

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