Delio Obtains Virtual Asset Business License... "Becomes Korea's First Custody and Lending Operator"

[Asia Economy Reporter Park Jihwan] Delio, a virtual asset fintech specialist company, announced on the 16th that it has become the first virtual asset deposit and lending operator after obtaining the virtual asset service provider (VASP) license.

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. While exchanges and wallet service providers have obtained business licenses so far, Delio is the first specialized financial company to be licensed for virtual asset deposit and lending services.

Delio has established and is operating 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 approval as a virtual asset service provider (VASP), it plans to provide services with enhanced reliability, security, and safety under the supervision of financial authorities.

Delio is the largest virtual asset financial company in Korea, with deposit and lending services growing 600% compared to the previous year. It offers virtual asset financial services such as deposits, lending, and Vault.

With the completion of the virtual asset service provider (VASP) registration, Delio plans to aggressively expand its business. It is currently preparing new DeFi-related businesses in collaboration with global virtual asset exchange OKEx and blockchain middleware platform Chainlink. The NFT marketplace ‘Blue Bay’ is also about to launch.

A Delio representative stated, "We are the only company in Korea operating both CeFi (Centralized Finance) and DeFi (Decentralized Finance) services," adding, "As the first officially licensed virtual asset deposit and lending operator by financial authorities, we will make multifaceted efforts to increase customer trust and revitalize the domestic DeFi market."

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