SK Telecom To Launch Web3 Wallet Services In South Korea

South Korea’s leading telecommunications company, SK Telecom, has announced a significant development in the Web3 space through a tripartite agreement with Aptos Labs and Atomrigs Lab. This collaboration aims to bolster SK Telecom’s presence in the blockchain landscape, particularly in the realm of digital wallets and decentralised applications (dApps).

The cornerstone of this collaboration is the upcoming T Wallet service, designed to offer South Korean users a secure and user-friendly platform for managing various digital assets, including cryptocurrencies and non-fungible tokens (NFTs). SK Telecom emphasises its commitment to delivering a seamless and secure Web3 experience through this initiative.

SK Telecom’s journey into Web3 began in July 2022, with the initial goal of creating a secure Web3 wallet in collaboration with AhnLab Blockchain Company and Atomix Lab. Now, with the strategic partnership with Aptos and Atomrigs Lab, SK Telecom is venturing beyond the traditional Ethereum Virtual Machine (EVM) ecosystem, marking its first integration with a non-EVM blockchain.

A key highlight of the collaboration is the integration of Aptos’ MoveVM blockchain technology. SK Telecom sees this as a crucial step in making Web3 services more accessible to a broader audience. The MoveVM blockchain technology is expected to enhance the T Wallet’s capability to connect seamlessly to the decentralised application ecosystem within Aptos.

SK Telecom has expressed its vision for the T Wallet to go beyond being a mere digital asset repository, positioning it as a gateway into Aptos’ decentralised application ecosystem. This move is aligned with SK Telecom’s broader strategy to strengthen ties with mainnets and dApps that resonate with its user base.

In a bid to enhance its Web3 strategy, SK Telecom, South Korea’s largest telecommunications company, has joined forces with Aptos Labs to develop a Web3 wallet on the Aptos blockchain. This strategic collaboration aims to create a crypto wallet capable of holding a variety of virtual assets, including non-fungible tokens (NFTs), digital IDs, and various cryptocurrencies such as Ethereum and Klayton.


SK Telecom plans to utilise Atomrigs Labs’ multi-party computation (MPC) encryption technology to bolster the security of assets within the wallet. This initiative aligns with SK Telecom’s commitment to providing a seamless and secure Web3 experience for users.

The partnership not only focuses on crypto wallet development but also aims to expand the wallet’s use cases by linking it with SK Telecom’s mobile wallet. This move is part of SK Telecom’s broader strategy to respond to the evolving Web3 market and contribute to the mass adoption of Web3 technologies.

SK Telecom has announced a three-way partnership with Aptos Labs and Atomrigs Lab to introduce its Web3 wallet service, T Wallet. This collaboration, aimed at strengthening ties with popular layer 1 mainnets and decentralised applications (dApps), marks a significant milestone for SK Telecom in its foray into the rapidly growing Web3 domain.

The T Wallet, set to be more than just a digital asset repository, serves as a gateway into Aptos’ decentralised application ecosystem. SK Telecom’s commitment to delivering a seamless and secure Web3 experience is underscored by its integration with Aptos, representing the company’s first foray into a non-Ethereum Virtual Machine (EVM) blockchain.

The collaboration includes the adoption of Aptos’ MoveVM blockchain technology, a move seen as pivotal in making Web3 services more accessible to a broader user base. Aptos Labs, known for its partnerships with major companies, brings its layer 1 blockchain expertise to the table, empowering the next wave of Web3 applications and fostering a thriving ecosystem.

* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.