South Korean blockchain infrastructure provider DSRV completes its first round of funding for approximately US$11.6 million

PANews reported on July 23 that according to Edaily, South Korean blockchain infrastructure provider DSRV completed its first round B financing of about 16 billion won (about 11.6 million US dollars). This round of investment is participated by major Korean investment institutions such as Intervest and NH-SK Securities. It is expected that the second financing will be conducted with multiple financial institutions participating at the end of next month.

According to reports, DSRV provides infrastructure for more than 70 blockchain networks around the world and manages more than 4 trillion won of digital assets. Last year, DSRV's annual sales reached about 10.7 billion won, and its current net profit was 3 billion won. The company plans to increase sales in new business areas such as stablecoins and custody, and officially promote global market expansion in regions such as the United States, Japan, Africa, etc.


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