Editor's PiCK
BNK Financial Group applies for trademark rights related to KRW stablecoin
Summary
- BNK Financial Group Inc., Busan Bank, and Kyongnam Bank announced that they have applied for trademark rights related to KRW stablecoins.
- Busan Bank and Kyongnam Bank are preparing to issue stablecoins and reported that they are participating in the Open Blockchain & DID Association (OBDIA) and the establishment of a joint venture.
- BNK Financial Group stated that it will cooperate with financial institutions to prepare entry timing and implementation strategies for the advancement of the virtual asset market.
BNK Financial Group Inc., Busan Bank, and Kyongnam Bank have applied for trademarks related to KRW stablecoins.
According to Newswire on the 7th (local time), BNK Financial Group announced via a press release, "BNK Financial Group Inc., Busan Bank, and Kyongnam Bank have applied for trademarks for KRW stablecoins." BNK Financial Group Inc. submitted 11 trademark applications for stablecoin brand names that can be utilized by its subsidiaries and fintech affiliates, while Busan Bank and Kyongnam Bank filed 10 and 4 trademark applications, respectively, aiming to issue stablecoins.
Previously, Busan Bank and Kyongnam Bank had also joined the Open Blockchain & DID Association (OBDIA), a preparatory corporation for bank-issued stablecoins. The Open Blockchain & DID Association (OBDIA) is also promoting the establishment of a joint venture for bank-issued stablecoins with the participation of 11 banks and the Korea Financial Settlement Institute.
A BNK Financial Group spokesperson said, "Stablecoins will be a starting point for the advancement of the virtual asset (cryptocurrency) market," adding, "We will prepare entry timing and concrete implementation strategies by closely communicating with major financial institutions."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
