South Korean Blockchain Firm Launches US Subsidiary to Transform Global Remittances
New York, Wednesday, 8 July 2026.
Established on July 8, 2026, BPMG’s new U.S. subsidiary, ARACORE, will deploy a secure, non-custodial network to automate international payments and remittances for global financial institutions.
A Strategic Move into Institutional Infrastructure
On July 8, 2026, Seoul-based blockchain and artificial intelligence (AI) firm BPMG announced the official establishment of its United States-based subsidiary, ARACORE [1][2]. This strategic expansion is designed to accelerate the development of global financial infrastructure, specifically targeting the creation of stablecoin-based systems for institutional players [1][2]. At present, BPMG operates as a privately held entity, meaning no public stock ticker symbol is available in market registries [alert! ‘no ticker symbol available for BPMG in source material’]. Led by CEO Jihoon Cha, ARACORE will focus its efforts on building robust, compliant systems tailored to the needs of traditional financial institutions, payment providers, and remittance operators looking to integrate digital asset capabilities [1][2].
Inside the Institutional Settlement Network (ISN) Technology
At the heart of ARACORE’s offering is the Institutional Settlement Network (ISN), a proprietary messaging and orchestration layer engineered to streamline transaction delivery, pre-validation, and settlement workflows [1][2]. In an era where security and asset protection are paramount, the ISN distinguishes itself by not directly custodying user assets [1][2]. This non-custodial approach reduces the regulatory and operational risks typically associated with digital asset management [GPT]. According to Jihoon Cha, “The competitiveness of digital asset finance lies not in the assets themselves, but in the infrastructure that connects them securely” [1][2].
BPMG’s Growth Trajectory and Global Ambitions
This expansion marks a significant milestone for BPMG, which was founded in August 2021 and has since raised KRW 7 billion in Series A funding [1][2]. The company has built a diverse ecosystem, spanning from digital assets and financial infrastructure to gaming through its subsidiary Blomics, which manages blockchain and AI-integrated titles such as Tales Runner, Fortress 3 Blue, EOS RED, and EOS Black [1]. The launch of ARACORE represents a concerted push to separate and scale its institutional financial services on a global level [1].