Rialo is stepping up its push into the financial sector, holding discussions with South Korean companies on proof-of-concept projects while also working with other institutional partners to build applications. Bobby Zagotta, the company’s chief business officer, said Rialo wants to provide the infrastructure financial institutions need as they move services on-chain. The network is positioned as a blockchain infrastructure provider for traditional financial firms and says it is advancing projects with institutions across several markets, including South Korea. The update was cited by Techub, referencing Crypto.news. While the report did not disclose project timelines, counterparties beyond the South Korean companies, or technical details of the applications under development, it framed Rialo’s current focus around serving institutional demand for on-chain financial infrastructure.
Rialo, a blockchain infrastructure network, is accelerating its push for financial clients and is in discussions with South Korean companies on proof-of-concept projects, according to Techub, which cited Crypto.news.
The company is also developing applications with other institutional partners. Bobby Zagotta, Rialo’s chief business officer, said the firm wants to provide the infrastructure support financial institutions need as they look to move financial services on-chain.
Rialo said its network is designed to offer blockchain infrastructure solutions for traditional financial institutions as they shift parts of their business on-chain. The company is currently advancing projects with institutions in multiple markets, including South Korea.
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