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DSRV Secures $11.6 Million in Series B Funding to Expand Blockchain Services

DSRV's first round of financing will bolster its infrastructure for stablecoins and custody services while enhancing its global market presence.

Summary

South Korean blockchain infrastructure provider DSRV has completed its first round of financing, raising approximately 16 billion KRW ($11.6 million) in Series B funding, with participation from major investors like Intervest and NH-SK Securities. DSRV supports over 70 blockchain networks and manages digital assets worth more than 4 trillion KRW. The company aims to boost sales in stablecoins and custody services while planning global expansion into markets such as the U.S., Japan, and Africa.

Terms & Concepts
  • Series B funding: A stage of financing for startups that follows seed funding, often used to scale operations and expand market reach.
  • Stablecoins: Cryptocurrencies designed to maintain a stable value by pegging them to a reserve of assets, such as fiat currency.
  • Custody services: Financial services that hold and safeguard digital assets on behalf of clients.