According to online reports, South Korean blockchain Infrastructure services provider DSRV announced that it has completed a Series B financing of 16 billion won (approximately US$11.6 million), with South Korean investment institutions such as Intervest and NH-SK Securities participating. The company also plans to conduct a new round of financing with a number of financial institutions at the end of next month. It is reported that DSRV holds a virtual asset service provider (VASP) license and is preparing for an IPO and releasing a SOC report. The new funds are planned to be used to support the integration of traditional assets and digital assets, and expand new businesses such as stablecoins and custody.