South Korean Neobanking Heavyweights Kakao Bank, Toss to Expand Crypto Operations

2025-06-30 23:38:42

Main Idea

South Korean neobanks Kakao Bank and Toss are expanding their crypto services, leveraging partnerships and regulatory changes to integrate cryptoassets into their platforms.

Key Points

1. Kakao Bank is broadening its crypto services, including a partnership with Coinone, allowing users to check crypto balances and KRW worth directly from its app.

2. Kakao Bank has applied for 12 trademarks related to crypto services and may expand its operations internationally, including in Thailand.

3. Toss Bank has filed 48 stablecoin-related trademarks and is involved with the Open Blockchain and DID Association (OBDIA), focusing on blockchain and digital identity technologies.

4. South Korea's new President Lee Jae-myun has adopted a progressive stance on crypto policy, including fast-tracking a stablecoin bill.

5. Other major banks like Kookmin and KEB Hana Bank have also applied for stablecoin-related trademarks, indicating broader industry interest in crypto integration.

Description

Kakao Bank and Toss Bank, two of South Korea’s biggest neobanking players, are set to expand their range of crypto and stablecoin -related operations. Per a report from Yonhap’s Infomax , Kakao Bank is set to broaden the range of its partnership with the domestic crypto exchange player Coinone. The top 5 coins by trading volume on Coinone on June 30. (Source: CoinGecko) The bank is an affiliate of the Kakao Group, which operates the KakaoTalk chat app and the e-payments platform Kakao Pay. Kakao...

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