Date: August 18, 2025
Location: "Virtual and Real Integration, Digital and Real Symbiosis: 5M Consensus Agreement Global Launch Conference" in Seoul
During the conference, we interviewed Kim Donggeon, the initiator of the 5M agreement and the Speaker of the National Assembly of South Korea. He told us about the original intention of the 5M initiative, its institutional design, and its future vision.
Q1: Speaker Kim, why do you want to promote the 5M Agreement?
Kim Dong-gun:
"Digital finance is developing at an astonishing pace, but two core issues remain unresolved: first, asset security is difficult to guarantee, with users worried about a lack of transparency and excessive risk; second, trust in investment is insufficient, with many projects having short life cycles and no institutional safeguards.
If participants can't feel secure, digital finance won't truly become widespread. This is a pain point I've long pondered. The original intention of the 5M Protocol wasn't to create a new concept, but to address trust and security issues through institutional design.
Q2: So, how is the 5M protocol designed to address these challenges?
Kim Dong-gun:
"The 5M Protocol is not a business plan for a specific company, but rather an institutional design. It aims to rebuild the foundation of trust in digital finance through institutional guarantees and a technological foundation.
Throughout this process, I've been searching for solutions that could support institutional implementation. Therefore, we introduced JuTrust's insurance mechanism to provide a clear security barrier for funds. At the same time, we leveraged JuChain's underlying technology to ensure the transparency and efficiency of the protocol. The combination of institutions and technology truly ensures trust is implemented."
Q3: What is the future development direction of the 5M protocol?
Kim Dong-gun:
“5M has attracted the participation of hundreds of communities around the world, forming a cross-regional, multi-level collaborative network. The support of the Korea Cryptography Committee and Seoul National University provides it with a policy and academic foundation.
I believe that it is not just an agreement, but also a practical example of digital financial governance. It has opened up a new path:
- In terms of system, let innovation and regulation go hand in hand;
- In terms of security, it takes into account the dual protection of assets and investments;
- In development, we should give equal importance to efficiency and sustainability.
Only by establishing institutionalized trust can finance truly move towards the future."
