Korean blockchain infrastructure provider DSRV completes approximately $11.6 million in Series B funding.

Odaily News South Korean blockchain infrastructure service provider DSRV announced the completion of approximately 16 billion KRW (about 11.6 million USD) in Series B round funding. This round of financing was participated in by major Korean investment institutions such as Intervest and NH-SK Securities, with the second round of financing expected to start at the end of next month, at which time more financial institutions will join. DSRV currently provides node and infrastructure services for over 70 blockchain networks globally, managing assets exceeding 40 trillion Korean Won. The company's sales in 2023 reached 10.7 billion Korean Won, with a net profit of 3 billion Korean Won. In the future, the focus will be on expanding into new business areas such as stablecoins and custody, while accelerating global expansion plans in regions like the United States, Japan, and Africa. (edaily)