Blockchain Company DSRV Achieves 10 Billion Won in Revenue and 3 Billion Won in Operating Profit Last Year

Pursuing Listing on KOSDAQ with Daishin Securities

Blockchain infrastructure company DSRV announced on the 15th that it is likely to turn a profit for the first time in five years since its establishment.

DSRV stated that it expects to achieve 10 billion won in revenue and 3 billion won in operating profit last year. Revenue increased by 62% compared to the previous year. Over 95% of its clients are overseas companies. DSRV operates as the only Korean member of the EEA (Enterprise Ethereum Alliance), which includes Microsoft, Intel, and JP Morgan as members, based on its technical expertise accumulated by operating more than 70 global blockchain networks without incidents for five years.

DSRV's core growth driver, the Validator business, ranks first in the domestic market and ninth globally in the Ethereum staking market based on assets under management, managing over 4 trillion won in digital assets stably. This business, which provides clients with an annual return of 4-5%, has established itself as a key revenue source that generates sustainable cash flow for DSRV, according to the company.

DSRV plans to actively expand into new business areas such as custody and payments based on its core business capabilities. Last year, DSRV established and is operating an Ethereum-based blockchain payment system in the in-house café of a mid-sized domestic company. It plans to enter the local currency and easy payment markets in earnest, based on significantly lower fees and security compared to existing credit card payment systems.

In the first quarter of this year, it plans to secure additional growth engines by attracting Series B investments. A company official stated, "Our goal is to achieve 30 billion won in revenue by entering the top five globally in the Validator field and securing additional revenue in new business areas such as payments, thereby establishing ourselves as a leading blockchain technology company representing Asia beyond Korea." They added, "To this end, we plan to aggressively expand our business through additional investment attraction in the first quarter of this year."

Currently, DSRV has selected Daishin Securities as the lead underwriter and is preparing for a KOSDAQ listing in the first half of 2026. Through this, it plans to further solidify its growth foundation as a next-generation financial infrastructure company.

Kim Ji-yoon, CEO of DSRV, said, "In the U.S. and other overseas markets, blockchain-based store payments and cross-border remittances are already actively taking place." He added, "Based on the technology and trust recognized in the global market over the past five years, we are meeting with governments and companies both domestically and abroad to carry out next-generation financial infrastructure projects." He continued, "Our goal is to grow into a truly global financial infrastructure company by 2030 through continuous investment in technology development and global expansion."

Kim Joo-wan, Reporter kjwan@hankyung.com