South Korean blockchain infrastructure provider DSRV completes first round of B financing of approximately US$11.6 million

Odaily Planet Daily News: DSRV, a South Korean blockchain infrastructure service provider, announced the completion of the first round of B round financing of approximately 16 billion won (approximately 11.6 million US dollars). This round of financing was participated by mainstream Korean investment institutions such as Intervest and NH-SK Securities. The second round of financing is expected to start at the end of next month, when more financial institutions will join. DSRV currently provides node and infrastructure services for more than 70 blockchain networks around the world, with assets under management exceeding 4 trillion won. The company's sales in 2023 reached 10.7 billion won and its net profit was 3 billion won. In the future, it will focus on expanding new business areas such as stablecoins and custody, and accelerate global expansion plans in the United States, Japan, Africa and other regions. (edaily)