DSRV secures strategic investment from Hyundai Motor Group… "Laying the groundwork for collaboration"

Domestic blockchain infrastructure firm DSRV has attracted an investment from Hyundai Motor Group.

DSRV said on the 5th that it secured a strategic investment from Hyundai Motor Group’s ZER01NE Fund. The ZER01NE Fund was established by Hyundai Motor Group to identify and invest in future new businesses and core technologies.

Hyundai Motor Group is said to have taken note of DSRV’s expertise in operating public blockchain networks. DSRV’s track record of building blockchain infrastructure with stability and reliability for corporate and institutional clients is also cited as a backdrop to the investment.

DSRV plans to review potential avenues for collaboration with Hyundai Motor Group on the back of the investment. A DSRV official said, "We plan to lay the groundwork for future cooperation with Hyundai Motor Group," adding, "We will continue to push ahead with advancing core technologies and expanding global partnerships." An official from the Hyundai Motor Group ZER01NE Fund said, "We will explore the potential applications of DSRV’s blockchain technology," adding, "We hope collaboration will take place across a range of business areas."

Kim Jae-hong, vice president at DSRV, said, "Hyundai Motor Group’s investment is an important turning point that will help strengthen DSRV’s accumulated experience in operating blockchain infrastructure and its business capabilities," adding, "We will continue to focus on upgrading our technology so that blockchain can create meaningful value in industrial settings."