The Korea Financial Intelligence Unit (KoFIU) has presented Wavebridge with official approval to operate as a Virtual Asset Service Provider (VASP). Wavebridge is a major cryptocurrency firm in South Korea. The achievement of this regulatory milestone makes it possible for Wavebridge to grow its activities inside South Korea, so enhancing its already established worldwide footprint in the United States of America, Singapore, and Lithuania.
Through its ability to bridge the gap between traditional finance and digital assets, Wavebridge has established itself as a leader in this space. Dolfin Global and Dolfin Korea are two platforms that are included in the core products of the firm. These platforms are meant to cater to the requirements of institutional and corporate customers all over the globe.
As a regulated virtual asset service provider (VASP) platform with its headquarters in Lithuania, Dolfin Global operates in accordance with the anti-money laundering regulations of the country. Institutional and corporate customers are now being served by the platform, which offers services related to the exchange of virtual assets. In order to comply with the forthcoming MiCA (Markets in Crypto-Assets) regulation, Wavebridge intends to acquire a CASP license by the beginning of the second half of the fiscal year 2025. Dolfin Global intends to broaden its service offerings by acquiring this license. The company intends to provide tailored crypto prime brokerage solutions that are suited to the needs of companies, institutional investors, and high-net-worth individuals.
In light of the fact that South Korea is home to a robust cryptocurrency ecosystem that includes over 40 significant companies, including centralized exchanges like Upbit and Bithumb, Wavebridge is carefully placing itself within this quickly expanding industry. Dolfin Korea is planned to begin in the near future with the intention of providing digital asset services that are compliant and secure, specifically suited to meet the needs of Korean enterprises and institutional investors. Increasing crypto liquidity and fostering a solid financial infrastructure in the area are two goals that Wavebridge hopes to accomplish by complying to the high regulatory regulations that South Korea has in place.
Jongwook Oh, CEO of Wavebridge stated:
“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.”
Putting a focus on security, compliance, and innovation, Wavebridge’s forward-looking approach reflects the company’s desire to transform the landscape of the cryptocurrency industry. To meet the ever-evolving requirements of the digital asset market on a worldwide scale, the firm intends to continue expanding its activities in order to accommodate these requirements.
Wavebridge, which was founded in November 2018, is a leading institutional digital asset firm that has competence in both conventional and crypto finance. It brings together traditional finance and digital assets in order to provide a variety of investment opportunities that have not yet been exploited.
By bridging the gap between digital and conventional banking, Wavebridge allows you access the digital asset market in a secure and simple manner.