Delio, a digital finance platform, has introduced the first cryptocurrency bank to be launched in South Korea.
According to Currency.com, Delio will enable users to deposit and withdraw cryptocurrencies and offer daily compound earnings regardless of the performance when storing cryptocurrencies such as Bitcoin, Ripple and Ethereum.
Delio already provides several different crypto services for its users, and recently gained its VASP certificate to allow it to move into areas such as loans, asset transactions and crypto deposits. This made Delio the first South Korean firm to receive a VASP licence to operate crypto lending and savings services.
Delio said in a blog post that since its inception, the firm has continuously diversified its crypto offerings by allowing its users access to services such as its prime brokerage service and its NFT marketplace, 01etc. It also said it aims to become a Web 3.0 company by building and expanding its range of crypto-financial services.
Delio said, “The Delio Bank service is the first case of a Korean company obtaining a virtual asset service provider certificate, with authorisation by the Korean financial authorities to become a digital asset specialised bank.”
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