Wavebridge unveils institution- and corporate-only platform 'Wavebridge Prime'

YM Lee

Summary

  • Wavebridge announced the launch of 'Wavebridge Prime', a prime brokerage platform exclusively for institutional and corporate clients.
  • Wavebridge stated its plan to strengthen asset safety and tailored investment execution systems for institutional and corporate customers in response to changing global and domestic digital asset regulations.
  • The company aims to differentiate itself as a digital asset financial infrastructure with prime brokerage functions and enhanced global network connectivity based on institutional compliance and technological strength.

Wavebridge, a digital asset financial infrastructure company catering to corporations and institutions, announced on the 28th that it will expand and rebrand its existing digital asset management platform Dolfin into a prime brokerage platform, 'Wavebridge Prime', exclusively for institutional and corporate clients.

In response to regulatory changes in domestic and global digital assets set to intensify in the second half of this year, Wavebridge plans to provide tailored digital asset financial infrastructure services that help institutional and corporate clients focus on market changes and safely expand their assets.

Notably, with domestic regulatory frameworks becoming more visible—such as the enactment of the Digital Asset Basic Act, the proposal to amend the Capital Market Act, and clarification of accounting and tax standards—Wavebridge is proactively establishing a service system that connects with institutional infrastructure based on institutional compliance and technological capabilities. The company is also pushing for the development of platforms specialized for institutional demand.

'Wavebridge Prime' will go beyond simple brokerage and include prime brokerage functions optimized for the working environments of institutional and corporate clients. Its key features include: ▲ Providing customized investment execution systems ▲ Institution-exclusive administrative functions (accounting, settlement, reporting) ▲ Expanding connectivity to a global institutional network ▲ Strengthening securities lending and OTC trading features. In particular, instead of users directly entering orders in an exchange order book, the platform emphasizes 'Best Execution'—ensuring transactions occur at the most favorable prices. The company's strategy is to establish itself as the only digital asset platform in Korea that can truly deliver prime brokerage capabilities.

Wavebridge highlights its expertise and regulatory understanding, derived from professionals with backgrounds in institutional financial firms. As the first institution-type business in Korea to receive approval as a Virtual Asset Service Provider (VASP), Wavebridge is continuously expanding its business capabilities not only domestically but also within key overseas regulatory jurisdictions. In Europe, Wavebridge is already registered as a Lithuania VASP and is preparing to acquire a license to provide services across the EU under the MiCA regulatory framework. Additionally, in regions such as Hong Kong, the company is working with local financial institutions to prepare for the launch of structured digital asset financial products within regulated markets.

Jongwook Oh, CEO of Wavebridge, stated, "Since the early days of the digital asset market, Wavebridge has maintained a B2B-focused strategy and has always been a step ahead in preparing for institutional services and responding to regulations. Unlike other operators just now expanding from B2C, Wavebridge has proactively established infrastructure and platform foundations to meet institutional demand, and aims to become a trusted digital asset financial partner amid the evolving regulatory landscape."

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YM Lee

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