Delio (CEO James Jung), a leader in digital asset finance in Korea, launches Crypto Bank service and expands its business into a digital bank.

Since its founding in 2018, Delio has been leading the Korean crypto financial market by offering various of financial services related to digital assets, including savings and landing products. According to the report on blockchain and digital assets issued 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 marketplace "01etc," generating a cumulative transaction volume of KRW 2.4 trillion in 2021 making Delio Korea's safest fund operating 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 in compliance with the legal guidelines set out by financial authorities after establishing a U.S.-side corporation and acquiring a U.S. MSB (Money Services Business) license.

Meanwhile, Delio aims to become a Web 3.0 company by building and expanding the range of crypto-financial businesses. In this regard, a number of preemptive investments are underway, such as acquiring KOSDAQ-listed companies and mass recruiting blockchain developers.

The term "crypto bank" refers to a service that applies multiple 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 world's best.

For the first time in the Korean crypto market history, Delio has evolved into a crypto bank to emerge a range of crypto financial services including savings, lending, asset management, payment, and NFT to the global market.

A Delio official says, “The Delio Bank service is the first case of the Korean company to obtain virtual asset service provider (VASP) certificate with the following authorization by the Korean financial authorities to become a digital asset specialized bank.”

About Delio

Image credit: Delio

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