Korean Crypto Bank Collaborates With Blockdaemon To Offer Staking Services

 Crypto finance company Delio has entered into an agreement with Blockdaemon to launch a staking service that allows customers to earn rewards from holding digital assets.


Explained, Delio's staking service will expand crypto bank offerings such as loans and deposit accounts while blockchain infrastructure provider Blackdaemon will provide staking products.


Although Delio did not yet say what types of cryptoassets will be included in the service, Blockdaemon supports integration with over 60 blockchains.


According to Delio representative James Jung, his company plans to offer various crypto asset financial services for users outside of Korea.


Meanwhile, Blockdaemon achieved unicorn* status last year after securing $155 million in a Series B funding round.



*Unicorn status is a company that reaches a valuation of $1 billion or more.


Delio also expanded its crypto-finance offering after receiving a Virtual Asset Service Provider (VASP) license from the Korean Financial Intelligence Unit.


It is the first South Korean crypto company to get VASP for lending and deposit services.


Although the collapse of the crypto market collapsed Terra's ecosystem, Korea remains a large and important player in the global crypto arena.


This is because President Yoon Suk-yeol made a 'crypto-friendly' approach in the regulation of digital assets in this country.


Meanwhile, Korea's financial watchdog is speeding up its review of 13 crypto bills presented to the country's National Assembly.

Previous Post Next Post