Following Kakao Bank, KB Kookmin Bank also files for stablecoin trademark

YM Lee

Summary

KB Kookmin Bank has reportedly become the first major domestic bank to file a trademark for a KRW-pegged stablecoin.
KB Kookmin Bank announced that its stablecoin trademarks are registered under various product categories, including electronic fund transfer business and financial information provision related to virtual currencies.
It was reported that large financial institutions such as Kakao Bank and Mirae Asset Securities are competing to secure trademarks related to stablecoins.

KB Kookmin Bank has reportedly become the first major domestic bank to file a trademark for a KRW-pegged stablecoin.

According to the intellectual property information search service KIPRIS, KB Kookmin Bank has applied for several stablecoin-related trademarks, including KBKRW, KRWKB, KRWST, and KBST.

The trademarks cover a range of categories such as stablecoin electronic fund transfer business, financial information provision and consulting related to virtual currencies.

After Kakao Pay's stablecoin trademark application on the 17th, leading financial institutions including Kakao Bank, Mirae Asset Securities, and KB Kookmin Bank are now engaged in a race to secure trademarks related to stablecoins.