Delio (CEO James Jung), a leader in digital asset finance in Korea, launches Crypto Bank service and expands into a digital bank.
Since its inception in 2018, Delio has been leading the Korean crypto financial market by offering various financial services related to digital assets, including savings and landing products. According to the Blockchain and Digital Assets Report released by the Korean government last year, Delio was listed as the top digital asset company in Korea.
Delio has consistently expanded and diversified its crypto-finance related services such as PBS (Prime Brokerage Service), DEX “Delioswap” and NFT market “01etc”, generating a cumulative trading volume of KRW 2.4 trillion in 2021 , making Delio Korea’s safest operating fund. company.
Delio was the first company in Korea to receive a VASP license to operate crypto lending and savings services. As an institutional crypto-financial organization, Delio offers a range of financial services that comply with the legal guidelines established by the financial authorities after the establishment of a US company and the acquisition of a US MSB (Money Services Business) license.
Meanwhile, Delio aims to become a Web 3.0 company by creating and expanding the range of crypto-financial businesses. In this regard, a number of preventive investments are underway, such as the acquisition of KOSDAQ-listed companies and the massive recruitment of blockchain developers.
The term “crypto bank” refers to a service that applies several financial services for crypto assets such as deposits, loans, asset transactions, and withdrawals offered by traditional commercial banks. Delio is the first of its kind in Korea, representing the case of digital asset providers, and is considered one of the best in the world.
The new Delio Bank service is comparable to what is now offered by traditional financial banks. The Delio Bank service is linked to the MMDA account which allows the deposit and withdrawal of crypto assets at any time and offers daily compound income regardless of performance when storing Bitcoin (BTC), Ethereum (ETH) and Ripple ( XRP). By integrating with Delio’s various digital asset financial services, including lending and deposit, high security and user convenience have been enhanced.
For the first time in the history of the Korean crypto market, Delio has become a crypto bank to emerge a range of crypto financial services including savings, lending, asset management, payment and NFT on the world market.
Additionally, Delio plans to open a Gangnam Private Banking Center branch in Seoul’s Gangnam district, the center of Korea’s crypto industry. Through the highly accessible Private Banking Center, users can directly experience sophisticated financial services related to digital assets. Various programs such as the Trade Fair and the Crypto Academy are intended to be used as an open space by all Delio members. Apart from this, Delio plans to open new branches in Gwanghwamun and other places.
A Delio official said, “The Delio Bank service is the first case of the Korean company to obtain a Virtual Asset Service Provider (VASP) certificate with the following authorization from the Korean financial authorities to become a bank specializing in digital assets.
Delio is a crypto-related Web 3.0 company founded in 2018. As a digital asset finance company authorized by the Financial Services Commission of Korea and the United States, Delio acquired a virtual asset service provider (VASP/MSB) and offers digital asset financial services. including savings/loan/DEX/asset management/NFT. In 2021, the cumulative savings/loans performance reached KRW 2.4 trillion, ranking Delio as the No. 1 crypto-financial company in Korea. Additionally, it has subsidiaries in Korea, the United States, and the British Virgin Islands to offer crypto services internationally. Delio’s main businesses are services focused on digital assets, including savings/lending, DEX (Delioswap), PBS (Prime Brokerage Service) and NFT Marketplace (01etc).
Image credit: Delio
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