South Korean blockchain infrastructure provider DSRV completes approximately $11.6 million Series B initial funding round

According to Edaily, South Korean blockchain infrastructure provider DSRV has completed its first Series B financing of approximately KRW 16 billion (approximately USD 11.6 million). This round of investment is participated by major investment institutions in South Korea, such as Intervest and NH-SK Securities. It is expected that a second round of financing involving multiple financial institutions will be conducted at the end of next month. According to reports, DSRV provides infrastructure for over 70 blockchain networks worldwide and manages over 4 trillion Korean won in digital assets. Last year, DSRV's annual sales reached approximately 10.7 billion Korean won, with a net profit of 3 billion Korean won for the current period. The company plans to increase sales in new business areas such as stablecoins and custody, and officially promote global market expansion including the United States, Japan, Africa, and other regions.