PANews reported on October 17th that DSRV, a South Korean blockchain infrastructure provider, has officially completed a Series B funding round totaling 30 billion won (approximately $21.12 million). This round was divided into two tranches: the first tranche included participation from Intervest, SK Securities, and Nice Investment Partners; the second tranche attracted new investors including NXVP, Han River Partners, IBK Capital, and S2L Partners.
DSRV provides infrastructure for over 70 blockchain networks worldwide and manages over 4 trillion won in digital assets. Last year, DSRV achieved approximately 10.7 billion won in annual sales. Leveraging this round of funding, DSRV plans to accelerate its global expansion. Specific initiatives include recruiting key talent; developing advanced stablecoin and payment infrastructure technologies; expanding its staking business; and entering the US, Japan, and African markets.