{"id":16613,"date":"2025-11-25T20:28:16","date_gmt":"2025-11-25T20:28:16","guid":{"rendered":"https:\/\/bitunikey.com\/news\/naver-financial-to-launch-stablecoin-wallet-service-next-month\/"},"modified":"2025-11-25T20:28:19","modified_gmt":"2025-11-25T20:28:19","slug":"naver-financial-to-launch-stablecoin-wallet-service-next-month","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/naver-financial-to-launch-stablecoin-wallet-service-next-month\/","title":{"rendered":"Naver Financial to launch stablecoin wallet service next month"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Naver Financial, a South Korean internet company, announced plans to launch a stablecoin wallet service next month, according to a company statement.<\/p>\n<div id=\"cn-block-summary-block_dcf46d70ce623a6294dc6ea60717eb2c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Naver Financial plans to launch a new stablecoin wallet service, \u201cSilk Pocket,\u201d next month, developed in partnership with blockchain investment firm Hashed.<\/li>\n<li>The Busan digital exchange also contributed to the wallet\u2019s development, underscoring growing collaboration within South Korea\u2019s crypto ecosystem.<\/li>\n<li>The move reflects broader expansion of crypto services among Korean fintech firms, including a deal with Upbit. <\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Naver\u2019s next step<\/strong>s<\/h2>\n<p>The wallet service, named \u201cSilk Pocket,\u201d is being developed in collaboration with blockchain investment firm Hashed, the company said.<\/p>\n<p>The Busan digital exchange has also contributed to the development of the wallet, according to the announcement.<\/p>\n<p>The launch comes as South Korean financial technology firms continue to expand their cryptocurrency-related services. Naver Financial operates as the financial services arm of Naver Corporation, one of South Korea\u2019s largest internet companies.<\/p>\n<p>It\u2019s currently doing a deal with Dunamu, the parent company of Upbit, as part of a KRW 20 trillion ($14.5 billion) stock-swap merger on November 26.<\/p>\n<p>The exchange ratio was recently revised to roughly 1:3.3\u20133.4 in favor of Dunamu after minority shareholders argued earlier proposals undervalued the crypto exchange operator, whose profits have surged well beyond Naver\u2019s. <\/p>\n<p>Dunamu posted KRW 1.186 trillion in operating profit at the end of 2024 and $165 million in net income in the third quarter of 2025\u2014a 300% year-over-year jump\u2014highlighting Upbit\u2019s expanding centrality in South Korea\u2019s financial landscape.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Naver Financial, a South Korean internet company, announced plans to launch a stablecoin wallet service next month, according to a company statement. Summary Naver Financial plans to launch a new&hellip;<\/p>\n","protected":false},"author":1,"featured_media":16614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16613"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16613\/revisions"}],"predecessor-version":[{"id":16615,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16613\/revisions\/16615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/16614"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}