Suho IO unveils stablecoin-based FX settlement platform 'Ezys,' cutting FX fees by 70% [Crypto Briefing]

[Financial News] Blockchain-based payment and settlement infrastructure company Suho IO has officially unveiled Ezys, a next-generation stablecoin-based FX settlement infrastructure. When a user enters preferred conditions for currency exchange or remittance, Ezys compares quotes from multiple financial institutions in real time and automatically executes the trade with the most favorable terms using an auction-style matching mechanism.
Suho IO CEO Park Ji-soo (photo) shared the results of the stablecoin pilot project "Project Namsan" at the Seoul Digital Money Summit 2026 (SDMS) at Conrad Seoul in Yeouido on the 4th and made these remarks. Ezys is currently being used across various fintech services within Project Namsan.
Park explained, "From last September until now, we have conducted a pilot with about 2,000 foreign tourists and confirmed that retail FX exchange fees were reduced from the previous 1% to an average of around 0.3%, achieving roughly 70% savings." She added, "Merchants can also receive instant settlement without any additional fees, which has improved operational efficiency." Park went on to say, "Through Ezys, we will continue to demonstrate how stablecoins can be utilized within financial infrastructure."
Suho IO, which was selected by the Financial Services Commission (FSC) as one of the "K-Fintech 30," offers Ezys alongside its purpose-bound money platform Purplace, TicoPay, a digital payment app for foreign tourists, and ReAgent, an automated smart contract analysis platform. Leveraging its experience in building central bank CBDC projects, the company currently safeguards assets worth more than 2.4 billion dollars.
SDMS is an annual global financial industry event hosted by Suho IO. It focuses on institutional digital asset trading infrastructure, including stablecoins, Central Bank Digital Currency (CBDC), and deposit tokens. This year's SDMS, held under the theme "Stablecoin Infrastructure Innovation in Korea That Financial Leaders Need to Know," examined policies, technologies, pilot projects, and real-world operations in the Korean stablecoin market. Around 150 representatives from domestic and international financial institutions and digital asset firms, including NAVER Financial, attended the event.
Suho IO's live demonstrations also drew significant attention. Through TicoPay, a stablecoin-based payment app for foreign tourists, the company showcased how a dollar stablecoin is automatically matched in real time with the institution offering the best exchange rate and then settled instantly. TicoPay was used in the Project Namsan pilot, and all payment transactions generated in the app are processed by Ezys's settlement engine. Suho IO plans to expand TicoPay's payment service later this month to about 200 merchants in key areas such as Gangnam, Seongsu, and Euljiro.
Meanwhile, Shin Seung-hwan, a partner at Boston Consulting Group (BCG) who spoke in the first SDMS session, assessed that stablecoins are rapidly spreading as payment and settlement infrastructure in line with the explosive growth of the global digital asset market. He noted in particular that, because Korea's existing payment infrastructure is highly advanced, the country has distinctive opportunities in cross-border remittances and digital asset finance.


elikim@fnnews.com Reporter Kim Mi-hee Reporter