Jeonbuk Bank Reviews Crypto Wallet Business…Possible Integration With GOPAX

Jeonbuk Bank is reviewing a plan to pursue a crypto wallet business. There is also speculation that the wallet service could later be integrated with GOPAX, a domestic cryptocurrency exchange.

According to industry sources on the 25th, Jeonbuk Bank has recently been internally reviewing the commercialization potential of blockchain-related technologies and services, including crypto wallets. A Jeonbuk Bank official said, "Any plan to launch and release a business premised on the commercialization of a specific wallet service is at the review stage," adding, "There is nothing currently underway jointly with external partners to develop a commercial service."

The crypto-related business Jeonbuk Bank is considering is not limited to wallets. The bank is also said to be broadly reviewing the potential for blockchain-based financial businesses—such as readiness for real-world asset (RWA) infrastructure and a won-denominated stablecoin—in line with the pace of institutionalization of digital assets.

If Jeonbuk Bank launches a wallet service, it could also be integrated with GOPAX. Jeonbuk Bank is GOPAX’s partner bank for deposit and withdrawal accounts. Jeonbuk Bank said, "There is no separate plan at this time that has been concretized for linking services through a crypto wallet," but explained that it is "leaving open the possibility of review depending on future changes in the regulatory environment."

Jeonbuk Bank emphasized that it is "maintaining a cautious and phased approach in the digital asset sector." It added that related businesses are being reviewed "within the scope where the regulatory environment, consumer protection, and a risk management framework are secured in advance."