Wavebridge, a leading cryptocurrency enterprise in South Korea, has received approval from the Korea Financial Intelligence Unit (KoFIU) as a Virtual Asset Service Provider.
KoFIU Approval for Wavebridge
Wavebridge has been granted VASP status by the Korea Financial Intelligence Unit (KoFIU). This enables the company to expand its operations in South Korea, complementing its presence in the United States, Singapore, and Lithuania.
Dolfin Global and Dolfin Korea Platforms
Wavebridge operates two major platforms — Dolfin Global and Dolfin Korea. Dolfin Global is a regulated VASP platform in Lithuania. In alignment with the upcoming MiCA regulation, Wavebridge aims to obtain a CASP license by the first half of 2025. Dolfin Korea is being developed to offer secure and compliant services for Korean corporations and institutional investors.
Cryptocurrency Market in South Korea
South Korea is a major player in the cryptocurrency ecosystem, with over 40 main participants, including exchanges like Upbit and Bithumb. Wavebridge aims to tap into this dynamic environment by adhering to South Korea’s stringent regulatory standards.
Wavebridge's strategy is to continue expanding its influence and supporting the digital asset market through innovation and compliance with security standards.
