Hana Bank and Upbit Global signed a memorandum of understanding to develop and test Travel Rule infrastructure for digital-asset transfers and regulatory compliance. The work will cover sender and recipient verification, secure transmission of required information, and connections between banks and domestic or overseas virtual-asset service providers. Upbit Global will contribute technology from its VerifyVASP solution, while Hana Bank will draw on its foreign-exchange, payments and settlement infrastructure. The companies also plan to exchange compliance information and respond jointly to changes in digital-asset laws and institutional requirements. The agreement expands Hana Bank’s digital-asset activity, which includes custody, stablecoins, tokenized assets and a planned 6.55% stake in Dunamu, Upbit’s operator, for roughly 1.003 trillion won. The partnership comes as South Korean financial institutions develop stablecoin, tokenized-securities and blockchain-based settlement systems under evolving regulatory frameworks.