MoFAS

What MoFAS does

MoFAS is a Seoul, South Korea-headquartered private technology company founded in 2018 that builds a secure smart contract and decentralized application (dApp) platform oriented toward real-world, non-speculative use cases. The company's positioning targets developers and enterprises that require trustworthy on-chain execution environments outside of purely trading-oriented blockchain applications, implying emphasis on security, auditability, and integration. Beyond this headline positioning, the available source material does not disclose specific product SKUs, protocol architecture, chain selection, consensus mechanism, or developer tooling.

The company operates with a co-founder-led executive structure: Kim Tae Soon serves as co-founder and CEO, and Seongkee Kim serves as co-founder and CTO — a configuration consistent with founder-driven engineering cultures typical of early-stage protocol and infrastructure businesses. Headcount is reported at 51-100 employees, placing MoFAS in the mid-startup band — past initial seed stage but well short of mature scale-up headcount. The firm is privately held and has not pursued an IPO.

MoFAS's commercial mechanics — pricing model, revenue model, go-to-market motion, customer segments, and contract structures — are not disclosed in the supplied data. The company has one recorded funding round totaling $20 million in June 2018, with the lead investor unspecified in the source material. Office locations beyond Seoul are not listed, and select customer logos, partnerships, awards, and product launch history are likewise absent from the input. As a result, a more granular revenue or commercial assessment cannot be made from the supplied data; the descriptive scope is necessarily limited to firmographic, leadership, and headline product positioning.

Name

MoFAS

Website

https://mofas.io

Company type

Private

Founded year

2018

Headcount range

51–100 employees

Short description

Seoul-based private blockchain infrastructure company founded in 2018 that operates a secure smart contract and decentralized application platform targeted at real-world use cases, serving developers and enterprise clients requiring trustworthy on-chain execution.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Finance Services (6199)

akta.pro primary industry

Decentralized Data Availability & Storage Verification (DA layers, proofs of storage/replication, audit networks) (FSAPALAH)

Keywords

• Smart contract platform
• Decentralized applications
• Blockchain infrastructure
• Dapp development platform
• Web3 protocol

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations

Core offering

MoFAS operates a secure smart contract and decentralized application (dApp) platform designed for real-life use. The platform provides the underlying blockchain infrastructure that enables developers and partners to build, deploy, and run decentralized applications with an emphasis on security.

Differentiator

Problem solved

Functional benefit

Products and services

• MoFAS Smart Contract & dApp Platform A secure blockchain-based platform that enables developers and enterprises to build, deploy, and run smart contracts and decentralized applications aimed at real-world use cases.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Direct peers

• Klaytn: Klaytn is a Korean-headquartered Layer-1 smart contract / dApp platform built by Ground X (Kakao). It is the most direct peer to MoFAS given shared Seoul origin, enterprise-focused positioning, and emphasis on real-world application deployment. Both target Korean and Asian enterprise blockchain use cases with similar developer tooling.
• ICON Network: ICON is a South Korean Layer-1 blockchain built by ICONLOOP focused on interoperability and enterprise-grade smart contracts connecting public chains, private chains, and real-world institutions. Like MoFAS, it targets Korean enterprises and government use cases, making it a direct regional competitor.
• Avalanche: Avalanche is a Layer-1 smart contract platform with explicit enterprise and 'real-world asset' positioning, including custom subnets for institutional use. Its enterprise GTM overlaps directly with MoFAS' stated positioning as a secure platform for real-life use.
• Polygon: Polygon provides EVM-compatible scaling and a smart contract / dApp platform with enterprise partnerships (Disney, Starbucks, Nike, governments). It competes with MoFAS for enterprise real-world deployment contracts and developer onboarding.
• NEAR Protocol: NEAR is a smart contract / dApp platform with sharding architecture focused on usability and real-world app adoption. It is a comparable Layer-1 alternative for developers evaluating MoFAS for dApp deployment.
• Cosmos / Interchain Foundation: Cosmos provides app-chain infrastructure (Cosmos SDK) for building customizable, interoperable blockchains — a direct alternative architecture for enterprises wanting to deploy their own smart contract platform for real-life use, competing head-to-head with MoFAS' value proposition.
• Polkadot: Polkadot offers a multi-chain framework (Substrate, parachains) that lets enterprises build custom smart contract chains for real-world use cases. It competes directly with MoFAS in the enterprise-grade customizable chain segment.

Broad incumbents

• Ethereum: Ethereum is the dominant global smart contract platform and serves as the foundational layer against which all Korean and regional L1s (including MoFAS) compete for developer mindshare, dApp deployment, and capital. Any 'real-life use' smart contract platform must justify why it exists versus Ethereum and its L2s.
• Solana: Solana is a high-throughput Layer-1 smart contract platform competing for the same dApp developers and real-world use cases as MoFAS, with a much larger developer ecosystem and ecosystem treasury. It represents the performance-focused incumbent against which MoFAS must differentiate.

Emerging players

• Corda (R3): Corda is an enterprise-focused distributed ledger platform for smart contracts in finance, supply chain, and trade finance. While not a public chain, it represents the enterprise real-world-use competitor segment that MoFAS targets, particularly for Korean financial institutions.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mofasco

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MoFAS