Korbit Publishes Report 'Exchanges Are Many, Trust Is Rare'

Korbit Research Center, under the domestic virtual asset exchange Korbit, announced on the 15th that it has published a report titled 'Exchanges Are Many, Trust Is Rare'.

The report focuses on corporate virtual asset financial infrastructure strategies. Specifically, it analyzes strategies and infrastructure that domestic exchanges and financial institutions need to attract corporate investment clients through cases of Silicon Valley Bank (SVB) in the US, DBS Bank in Singapore, and global virtual asset exchange FTX.

Korbit Research Center pointed out structural defects such as lack of internal control, failure to separate assets, and regulatory evasion as the causes of the collapse of SVB and FTX. On the other hand, DBS and US virtual asset exchange Coinbase have secured a growth foundation by faithfully implementing institutional regulations such as accounting transparency and asset custody systems, according to Korbit's analysis. Korbit stated, "Structural integrity, linkage with institutional frameworks, and the establishment of financial infrastructure between exchanges and banks are key implications for building corporate-targeted virtual asset infrastructure."

Choi Yoon-young, head of Korbit Research Center, said, "This report will serve as a practical reference for the domestic virtual asset industry to expand its connection with institutional finance and prepare a foundation for corporate market acceptance."