South Korean blockchain infrastructure provider DSRV completes approximately $11.60M Series B first round of funding

Korean blockchain infrastructure service provider DSRV announced the completion of its Series B first round of financing, raising approximately 16.00 billion South Korean won (approximately $11.60 million USD). This round of financing was participated in by mainstream Korean investment institutions such as Intervest and NH-SK Securities. The second round of financing is expected to start at the end of next month, at which time more financial institutions will join. DSRV currently provides node and infrastructure services for more than 70 blockchain networks worldwide, managing assets of more than 4.00 trillion South Korean won. The company's sales in 2023 reached 10.70 billion South Korean won, with a net profit of 3.00 billion South Korean won. In the future, it will focus on expanding new business areas such as stablecoins and custody, and accelerate its global expansion plans in the United States, Japan, Africa and other regions. (edaily) [Odaily Planet Daily News]