Purpose-bound finance,
realized through programmable money

We don't program the money itself — we program the conditions of its use.
Open PBM infrastructure that orchestrates the purpose of local currency
and the scalability of stablecoins on a single rail.

Talk to Us

Purpose-bound finance,
realized through programmable money

Talk to Us

Purpose-bound finance, realized through programmable money

We don't program the money itself — we program the conditions of its use.Open PBM infrastructure that orchestrates the purpose of local currency and the scalability of stablecoins on a single rail.

Talk to Us

Position

The empty space between
local currency and payment services

The empty space between
local currency and
payment services

The empty space between local currency and payment services

PBM is a digital-currency-based financial service that fills the gap between local currencies and digital vouchers — purpose-bound but closed — and general-purpose payment services — scalable but without usage conditions.

Local currency & digital vouchers

Purpose-bound, but closed

Tied to a specific purpose and region
Closed acceptance
Manual settlement

Local currency & digital vouchers

Purpose-bound, but closed

Tied to a specific purpose and region
Closed acceptance
Manual settlement

PBM · Purpose-bound Money

The middle ground that programs conditions

Usage conditions defined in code
Underlying asset separated from purpose
Online-offline reach + real-time atomic settlement

PBM · Purpose-bound Money

The middle ground that programs conditions

Usage conditions defined in code
Underlying asset separated from purpose
Online-offline reach + real-time atomic settlement

Billing · General-purpose payments

Scalable, but without conditions

High versatility and scalability
No control over usage conditions
No purpose binding

Billing · General-purpose payments

Scalable, but without conditions

High versatility and scalability
No control over usage conditions
No purpose binding

Sooho standardizes this middle ground

as open infrastructure.

What is PBM

A wrapper that layers
"usage conditions" onto money

A wrapper that layers "usage conditions" onto money

PBM is not a new currency. It is a wrapper around existing value — deposits, vouchers, stablecoins
— that programs the conditions of when, where, by whom, and on what it can be spent.

PBM is not a new currency. It is a wrapper around existing value — deposits, vouchers, stablecoins — that programs the conditions of when, where, by whom, and on what it can be spent.

Programmable conditions

Define acceptance, period, recipient, and purpose as smart-contract conditions.

Separation of asset and purpose

The underlying value (deposit tokens, vouchers) stays intact — only the purpose is wrapped and unwrapped.

Atomic settlement

Once conditions are met, settlement completes automatically in real time — with no post-hoc reconciliation.

Technology that doesn't control money, but makes its purpose executable.

Conceptual framework: MAS Project Orchid — Purpose Bound Money Whitepaper

Open PBM Infrastructure

Open PBM infrastructure, orchestrated by Sooho

Sooho builds PBM directly as core infrastructure and connects issuers, payment providers, and domain partners as plugins (a Core + Plugin model).

Access Layer

User touchpoints

App · PoS · Wallet

Service Layer

Purpose-specific services

Welfare · Payment · Settlement

Service Layer

Purpose-specific services

Welfare · Payment · Settlement

Platform Layer — Orchestrator

PBM issuance, management, and orchestration

Oracle · DID · Condition evaluation · Cross-layer settlement

The orchestrator's role

For PBM, the core is not issuance but the orchestration that evaluates conditions
and completes settlement.

Oracle-based condition evaluation — verifying welfare data and eligibility in real time

DID identity and eligibility verification — confirming recipient and merchant eligibility on-chain

Cross-layer atomic settlement — completing cross-layer payment and settlement in a single transaction

SOOHO.IO

Asset Layer

Underlying value

Deposits · Vouchers · Stablecoins

Proven Across Domains

Proven PBM,
from public sector to banks

Proven PBM, from public sector to banks

Sooho's open PBM infrastructure is being validated through real projects across three domains.

Some projects are in discussion or preparation; partner names and figures are shown only within the scope permitted for public disclosure.

Public · Welfare

Purplace / K-BTF

Ensuring welfare budgets are spent as intended — public-issuance PBM infrastructure

Issue, spend, and settle welfare and voucher budgets according to designated purpose conditions.

Settlement · FX

Project Namsan & Tiko Pay

KRW on-chain payment and settlement rail

As part of Phase 1 of 'Project Namsan'—a global initiative to revitalize the domestic KRW stablecoin ecosystem—we have launched and currently operate TikoPay, a Wallet-to-Wallet payment app for foreign tourists.

Bank · Deposit Token

Deposit Token Settlement

Corporate settlement and consumer payments, completed with bank deposit tokens

Supports corporate settlement and retail payments based on tokenized deposits from the central bank and domestic commercial banks, combining the stability of bank deposits with PBM condition rails.