Wavebridge Secures Korean VASP License to Expand Global Operations
Seoul, South Korea, January 9th, 2025, Chainwire
Wavebridge, a leading cryptocurrency enterprise in South Korea, has received official approval from the Korea Financial Intelligence Unit (KoFIU) as a Virtual Asset Service Provider (VASP). This regulatory milestone enables Wavebridge to expand its operations within South Korea, building upon its existing global presence in the United States, Singapore, and Lithuania.
Wavebridge has established itself in bridging the gap between traditional finance and digital assets. The company’s core offerings include two platforms: Dolfin Global and Dolfin Korea, designed to meet the needs of institutional and corporate clients worldwide.
Dolfin Global is a regulated VASP platform based in Lithuania, operated in compliance with the country’s anti-money laundering regulations. The platform currently provides virtual asset exchange services to institutional and corporate clients. In alignment with the upcoming MiCA (Markets in Crypto-Assets) regulation, Wavebridge aims to obtain a CASP license by the first half of 2025. With this license, Dolfin Global plans to expand its services, offering tailored crypto prime brokerage solutions designed for corporations, institutional investors, and high-net-worth individuals.
With South Korea hosting a thriving cryptocurrency ecosystem of over 40 major players, including centralized exchanges such as Upbit and Bithumb, Wavebridge is strategically positioning itself within this rapidly growing market. The forthcoming launch of Dolfin Korea aims to provide secure and compliant digital asset services tailored for Korean corporations and institutional investors. By adhering to South Korea’s stringent regulatory standards, Wavebridge seeks to enhance cryptocurrency liquidity and foster a robust financial infrastructure in the region.
“We are committed to delivering globally competitive cryptocurrency services. With platforms like Dolfin Korea and Dolfin Global, we are diversifying our business portfolio to drive innovation worldwide,” said Jongwook Oh, CEO of Wavebridge.
Wavebridge’s forward-looking strategy reflects its will to reshape the cryptocurrency landscape, placing emphasis on security, compliance, and innovation. As the company continues to expand its operations, it aims to support the evolving needs of the digital asset market on a global scale.
About Wavebridge
Established in November 2018, Wavebridge is a top-tier institutional digital asset company with expertise in both traditional and crypto finance. It connects traditional finance and digital assets to offer a range of untapped investment opportunities.
By bridging the gap between digital and traditional finance, Wavebridge helps you enter the digital asset market in a safe and convenient way.