Fireblocks, a leading digital assets platform, has entered into a Memorandum of Understanding (MoU) with NongHyup Bank, a prominent South Korean bank that specializes in commercial credit and banking services for the agricultural sector. This partnership aims to develop a blockchain-powered prototype for tax refunds, specifically focusing on the tokenization of tax processes.
Digital assets platform Fireblocks has signed a Memorandum of Understanding (MoU) with NongHyup Bank, a large South Korean bank specializing in commercial credit and banking services for the agricultural sector. They hope to launch a prototype for tax refunds.

https://cointelegraph.com/news/fireblocks-nonghyup-bank-vat-tokenization
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