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Enterprise-grade digital asset infrastructure provider Cregis recently made its debut in the South Korean market, engaging with local exchanges, payment institutions, and Web3 enterprises. Centered on scenarios such as enterprise digital asset wallets, incoming and outgoing payments, and treasury management, the initiative aimed to assess the practical demand for digital asset infrastructure in South Korea and explore potential partnership opportunities. As digital asset applications progressively extend from trading into payments, financial services, and corporate operations, enterprises are increasingly demanding robust infrastructure for wallet management, fund movement, security, and compliant operations. Cregis noted that this inaugural presence in South Korea marks a crucial step toward deepening local market integration and gaining a clearer understanding of enterprise requirements. Established in 2017, Cregis delivers digital asset wallet, payment processing, and treasury management infrastructure to financial institutions, payment service providers, forex brokers, fintech firms, and Web3 enterprises. Headquartered in Hong Kong, the company has built out local operational teams in Dubai, New York, Singapore, Kuala Lumpur, and São Paulo, and has served a total of over 4,000 enterprise clients spanning more than 50 countries and regions.
Cregis Custody FZE announced that it has received an In-Principle Approval (IPA) granted by the Dubai Virtual Assets Regulatory Authority (VARA), marking a significant milestone in its application for a Virtual Asset Service Provider (VASP) license. Upon completing subsequent regulatory requirements and obtaining final approval, Cregis Custody FZE will commence regulated digital asset custody services.