- NHN KCP is testing Avalanche-based stablecoin payments through Payco, covering online gift certificates and offline QR payments.
- Elsewhere, Rezy.Fi opened investor onboarding for tokenized mortgage products using the Nomyx issuance engine on Avalanche.
Avalanche has gained a new payments foothold in South Korea as NHN KCP tests stablecoin payments through its Payco easy-payment service. The pilot links online gift certificate purchases with offline QR payments at NHN KCP’s headquarters, giving the company a live setting to test blockchain-based settlement in daily payment flows.
NHN KCP announced the proof of concept on May 21. The company said it built the pilot on a payment-focused mainnet developed with Avalanche. The system allows Payco users to buy and sell online gift certificates with stablecoins inside the Payco app. It also supports QR-based payments at a cafe and cafeteria inside the company’s headquarters.
The test gives Avalanche exposure to one of Korea’s major payment networks at a time when stablecoin payment systems are moving closer to commercial use. NHN KCP handles payment services across online and offline channels, while Payco already serves users through an established easy-payment interface. That existing base gives the pilot a practical route for testing how stablecoins can work within familiar payment habits.
NHN KCP also created a merchant admin page for stablecoin payments. The dashboard lets online gift certificate sellers and offline store owners track blockchain payment flows and settlement data in real time. The company designed the system so merchants can manage sales and settlements without needing direct blockchain knowledge.
Avalanche Expands From Payments to Real-World Assets
Performance data from the pilot showed about two seconds from QR scan to payment approval. Around 700 employees took part in the test, which focused on payment speed and operational stability in real conditions. NHN KCP now plans to use the pilot data to improve the system before sharing results with financial-sector partners and large merchants.
The company framed the project as a full payment service test, covering online payments, offline QR payments, and merchant settlement tools. An NHN KCP official said the pilot covers the entire payment process, from integrated online-to-offline payments to merchant management. The official added that the company aims to present a new payment standard combining finance and blockchain.
Avalanche is also supporting tokenized real-world asset activity in the United States. ECGI Holdings said on May 19 that investor onboarding had opened for Rezy.Fi, its tokenized mortgage platform. The platform uses the Nomyx issuance engine on Avalanche and now supports qualified investor onboarding, identity checks, and institutional wallet setup.
ECGI's https://t.co/rwaYLk5LKK Opens Investor Onboarding for Tokenized Mortgages on Avalanche.
Licensed origination meets on-chain issuance via Nomyx.
Full details: https://t.co/K1OjgYrStq$ECGI @avax @nomyxio pic.twitter.com/5aMPTNvlwP
— ECGI Holdings, Inc (OTC: ECGI) (@ecgiholdings) May 20, 2026
Rezy.Fi targets the U.S. residential mortgage market by preparing tokenized mortgage products on public blockchain infrastructure. Its first phase includes KYC and AML checks through Nomyx ID, on-chain accreditation credentials, institutional MPC wallet provisioning through DFNS, and upgradeable contracts for lifecycle compliance.
ECGI said Avalanche offers the speed and cost structure needed for repeated token activity. That includes onboarding, compliance checks, ownership tracking, transfers, reporting, and future settlement workflows. Rezy.Fi is also working with ResMac, a licensed mortgage originator, as ECGI advances a $25 million acquisition agreement tied to the platform.
Last month, Avalanche expanded its AI push as Kite launched its mainnet to support autonomous AI agents. The network said Kite’s testnet processed 1.9 billion agent interactions and reached 300 million daily transactions at its peak.
