35 min ago1 min readUnlike Crypto.com and Binance which acquired local entities to inherit their VASP license, BitGo built BitGo Korea from scratch. (Daniel Bernard/Unsplash)SummaryBitGo said it is the first global cryptocurrency firm to secure a virtual asset service provider license in South Korea, allowing it to offer custody and transfer services to institutional and enterprise clients.The newly established BitGo Korea adds to the company’s regulated entities in the U.S., Singapore, Germany and Dubai and is backed locally by strategic shareholders Hana Financial Group and SK Telecom.The license comes as South Korea’s institutional crypto market gains prominence amid a broader market slump that has hurt retail trading volumes.BitGo Holdings BTGO$6.5600·At close, a crypto custody company, said it became the first global cryptocurrency firm to secure a virtual asset services provider license in South Korea, giving it access to institutions in one of the world's most active crypto populations.The company, which went public on the New York Stock Exchange (NYSE) earlier this year at a $2 billion valuation, established a local entity, BitGo Korea, to add to existing regulated units in the U.S., Singapore, Germany, and Dubai. The Korea Financial Intelligence Unit (KoFIU) approval covers virtual asset custody and transfer services for institutional and enterprise clients, BitGo said Wednesday.South Korea's retail crypto traders are considered to be particularly active, with daily volumes on local exchanges regularly outpacing those of stocks during peak periods. Now, the institutional crypto market is drawing increasing attention as retail trading is hit by a weak global crypto market that saw volumes drop and the two largest exchanges, Upbit and Bithumb, report slumping first-half retail trading profit.“Korean institutions are looking for infrastructure that combines institutional-grade security with local support and regulatory alignment,” said Abel Seow, managing director at BitGo.The company built the entity from the ground up, putting local security, anti-money laundering, and internal control frameworks in place. Financial holding company Hana Financial Group and SK Telecom, the country's largest mobile phone operator, are strategic shareholders in BitGo Korea.Bitgo shares surged 16% on Wednesday as cryptocurrency prices climbed. They are up 3.2% in pre-market trading.12345678910Building the Zcash Machine: Tachyon and Quantum ReadinessBuilding the Zcash Machine: Tachyon and Quantum ReadinessZcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Jun 30, 2026Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Why it matters:Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.View Full Report