Nikolas Sargeant
Wavebridge, a leading cryptocurrency enterprise in South Korea, announced on Thursday, January 9th, that it had received official approval from the Korea Financial Intelligence Unit (KoFIU) as a Virtual Asset Service Provider (VASP).
In a press release shared with Cryptowisser, Wavebridge added that this regulatory milestone enables it 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.
According to the team, Dolfin Global is a regulated VASP platform based in Lithuania that complies with the country’s anti-money laundering regulations. Dolfin Global provides virtual asset exchange services to institutional and corporate clients.
Following the full implementation of the MiCA (Markets in Crypto-Assets) regulation, Wavebridge aims to obtain a CASP license by the first half of 2025. The license would enable Dolfin Global to expand its services, offering tailored crypto prime brokerage solutions designed for corporations, institutional investors, and high-net-worth individuals.
Wavebridge is strategically positioning itself within this rapidly growing market. South Korea has become home to a thriving cryptocurrency ecosystem with over 40 major players, including centralized exchanges such as Upbit and Bithumb.
The upcoming launch of Dolfin Korea will 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 regional financial infrastructure.
While commenting on this latest development, Jongwook Oh, CEO of Wavebridge, said,
“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.”
Established in November 2018, Wavebridge is a top-tier institutional digital asset company with expertise in traditional and crypto finance. It connects traditional finance and digital assets to offer various untapped investment opportunities. By bridging the gap between digital and traditional finance, Wavebridge helps users enter the digital asset market safely and conveniently.
