MoonPay on Wednesday said it has signed an agreement along with KOSDAQ-listed Sungho Electronics to jointly invest in Korean fintech Finger, which offers a financial platform covering account inquiry, transfers, payments, asset management, integrated account aggregation, and simple payment services.

“The deal aims to connect MoonPay's global crypto payments infrastructure with Finger's domestic financial software network.”

The investment also includes participation from South Korea’s Pantos Holdings, a major global logistics and supply chain management company.

“The transaction will combine MoonPay's stablecoin issuance and orchestration infrastructure with Finger's domestic financial software network, while linking Finger's cloud enterprise resource planning (ERP) solution, ‘Pharos,’ with MoonPay's payments rails to commercialise stablecoin-based settlement for corporate trade payments.”

Lee Bugeon, founding executive and head of Asia at MoonPay, said: "This investment opens the way to combine MoonPay's stablecoin issuance and orchestration infrastructure with Finger's domestic financial software network. It marks an important foothold for building the full infrastructure needed to support a Korean won stablecoin ecosystem, from issuance to real-world usage."

The US fintech firm said Finger’s clients include Shinhan Bank, KB Kookmin Bank, KakaoBank and public institutions, National Pension Service and the Korea Minting and Security Printing Corporation. “Last year, the company recorded annual revenue of KRW 91.6 billion and operating profit of KRW 1.4 billion.”

"We will support the development of next-generation digital financial services for corporations by connecting ERP-based financial accounting data with payment infrastructure," said Park Sung-jae, chief executive of Sungho Electronics.

Qivalis, a consortium of 12 major European banks created to launch a euro-backed stablecoin, picked New York-based fintech company Fireblocks as its core infrastructure partner this week.

MoonPay in February launched "MoonPay Agents," a non-custodial software layer that gives artificial intelligence agents access to wallets, funds, and the ability to transact autonomously using MoonPay's command-line interface (CLI).