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CryptoMediumUpdated×3•Originally published 12 October 2026•Updated 12 October 2026•
1 min read

Jeonbuk Bank Launches South Korea's First Bitcoin-Backed Corporate Loans

Businessmen shaking hands behind a large Bitcoin coin, with a South Korean flag and Seoul skyline in the background.

Key Facts

1Jeonbuk Bank became the first South Korean lender to offer won-denominated loans backed by Bitcoin collateral.
2The new service targets corporate customers, allowing them to use cryptocurrency holdings to secure business financing.

Jeonbuk Bank became the first South Korean lender to offer won-denominated loans backed by Bitcoin collateral. According to crypto.news, the new service targets corporate customers, allowing them to use their cryptocurrency holdings to secure business financing.

The launch marks a significant step in institutional crypto adoption within the country, with Bitcoin currently serving as the sole digital asset accepted for collateral. The bank developed its own digital asset pricing standards for valuation and must adhere to national Virtual Asset User Protection Act requirements, including cold wallet storage and maintaining insurance reserves.

Latest Updates · 2

  1. Notable·

    Update: Bitcoin BTC was trading at $83,540 (trading October 12, 2026) following the bank's announcement of the new service. These price levels reflect market reaction to the expansion of Korean banking institutions into accepting digital assets as credit collateral.

  2. Notable·

    Update: The collateralized digital assets are held by a specialist third-party custodian to safeguard Jeonbuk Bank's balance sheet. This arrangement ensures that Bitcoin holdings do not move onto the bank's books in the event of a significant price drop.

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