Delio Obtains License as a Specialized Virtual Asset Financial Company

[Asia Economy Reporter Hyungsoo Park] Delio, a fintech company specializing in virtual assets, announced on the 16th that it has obtained a Virtual Asset Service Provider (VASP) license, becoming the first business operator in virtual asset deposit and lending services.

The Financial Intelligence Unit (FIU) under the Financial Services Commission decided last month to approve Delio's registration following the review by the Virtual Asset Service Provider Registration Review Committee. Delio was the last to be listed after registering as a virtual asset service provider in September last year. Exchanges and wallet service providers have obtained business licenses. Delio was licensed as a specialized financial company for virtual asset deposit and lending services.

Delio established and operates a high-level information security system equivalent to that of banks and financial institutions through the Information Security Management System (ISMS) certification obtained last year. With the VASP license, Delio plans to provide services based on reliability, security, and safety under the supervision of financial authorities.

Delio is a virtual asset financial company whose deposit and lending business grew by 600% compared to the previous year. It offers various virtual asset financial services such as virtual asset deposit, lending, and Vault. Delio plans to aggressively expand its business after completing the VASP registration.

Delio is currently preparing new DeFi (Decentralized Finance) related businesses in collaboration with global virtual asset exchange ‘OKEx’ and blockchain middleware platform ‘Chainlink’. It is also preparing to launch the NFT marketplace ‘Blue Bay’.

A Delio representative stated, "Delio operates both CeFi (Centralized Finance) and DeFi services," adding, "We will strive to increase customer trust and revitalize the domestic DeFi market."

He continued, "We plan to acquire virtual asset licenses in various countries overseas," and added, "We aim to become a global comprehensive platform in the virtual asset finance sector."

This content was produced with the assistance of AI translation services.