Korean Bank Offers Retail Crypto Staking

I

n January, the Korean Financial Intelligence Unit granted Virtual Asset Service Providers status to Delio.

Delio, a crypto-focused finance company has joined with Blockdaemon to introduce staking services geared towards retail customers. This partnership allows for digital asset holders to earn rewards in a much more efficient way.

On Thursday, Delio announced its expansion into the cryptocurrency-staking market with services powered by Blockdaemon. In addition to lending, deposits and deposit accounts, the new blockchain infrastructure provider will offer a suite of institutional staking products.

After receiving a Virtual Asset Service Provider (VASP) license from the Korean Financial Intelligence Unit, Delio appears to be broadening its cryptocurrency-finance services. According to Delio, it is the first crypto business in South Korea to get a VASP for lending and deposit services.

Korea is still a big influencer in the worldwide cryptocurrency scene.

Jonathan

An editor at Coincrop

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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.