Suho IO Aims to Be the 'Plumber' Connecting Finance and Digital Assets [Crypto Briefing]

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[Financial News] Blockchain-based financial infrastructure company Suho IO (SOOHO.IO) has positioned itself as a “financial plumber” that connects traditional financial systems with digital assets, and is now moving to expand its market presence.
CEO Jisu Park of Suho IO (photo) said in an interview held on the 6th at the Suho Lounge on Teheran-ro in Seoul, “Our core strategy is to build a flexible financial infrastructure in advance that can operate immediately within the existing regulatory environment.”
Park in particular described Suho IO’s identity as an “orchestration layer.” This refers to infrastructure that coordinates transactions and settlement between different blockchain networks and legacy financial systems. He noted, “To implement a single digital financial service, you typically need to connect with at least six different institutions, but it is far too costly and complex for each institution to respond individually,” adding, “Like a professional plumber, Suho IO connects all of this infrastructure behind the scenes and performs redundancy work to stabilize the overall system.”
Suho IO’s technology has been recognized through investments from firms including ConsenSys, founded by Ethereum co-founder Joseph Lubin. To date, Suho IO has raised a cumulative investment of about 11 billion won, and the company says the value of digital assets protected through its security and infrastructure solutions stands at around 2 to 3 billion dollars.
The company’s flagship model is Ezys, a stablecoin-based foreign exchange (FX) settlement infrastructure. While traditional FX remittance and settlement systems can take several days due to complex intermediary structures, Ezys leverages Purpose Bound Money (PBM) technology with the goal of shortening the settlement cycle to within a few minutes.
According to Park, user testing conducted through a proof-of-concept project with the Korea Internet & Security Agency (KISA) showed high satisfaction. Whereas conventional Payment Gateway (PG) settlement typically took more than five days, the project confirmed that the technical requirements for near real-time Delivery Versus Payment (DVP) settlement and payment could be met.
This work builds on experience gained through participation in the Bank of Korea (BOK)-led Central Bank Digital Currency (CBDC) pilot “Project Han-gang” and in “Project Namsan,” which tests Suho IO’s own stablecoin-based FX infrastructure. Based on this, Park is keeping the door open to expansion beyond finance into any industry that requires settlement systems, including logistics. Recently, the company has also joined a government-funded project that uses Decentralized Identity (DID) technology to ensure the reliability of data used for monitoring overloaded cargo trucks. “Ezys is an infrastructure that guarantees the execution of program-defined objectives once certain conditions are met, even in environments with complex stakeholder interests,” Park said. “It can be applied across a wide range of industries, including logistics and healthcare.”
However, the regulatory environment surrounding blockchain-based financial infrastructure remains highly uncertain. In response, Park stated, “Rather than trying to change regulation, we are a team that rapidly upgrades our infrastructure to comply with it,” and added, “We are focused on spreading real value between traditional finance and Web3.”
Suho IO is currently raising a Series A bridge round and aims to close the funding in June. The company is putting particular effort into attracting strategic investors (SI) that can create collaboration synergies. “We hope Suho IO will function as a hyper-personalized financial infrastructure,” Park said, expressing his ambition. “We want to accelerate the arrival of a world of programmable money, where automatic settlement happens wherever money flows.”
elikim@fnnews.com Mihee Kim Reporter