[Blockchain Today Reporter Lee Ji-eun] Uupfi, a digital asset comprehensive financial service, a joint venture between Coinplug and Blockwater, announced on the 27th that the accumulated customer deposits exceeded $100 million.
Upfi (Uupfi.com) is the predecessor of Bankbit, the first digital asset deposit service in Korea, launched in December 2019.
We operate fixed-term deferred deposit products and free-style deposit products to help customers choose according to their circumstances. TUSD) will be added and will provide the industry’s highest reward rate of up to 35% per annum.
On the other hand, Uppi is preparing for unexpected safety accidents, such as accumulating 20% of its monthly profits by forming its own ‘Insurance Fund’ to protect customer assets, the only company in the same industry.
Regarding the regulations on virtual asset banking services, which have recently become an issue, an official from Uppi said, “In connection with the Specific Financial Information Act (Special Act), we have established legal and normal domestic business through alliance/cooperation with Coinplug, an affiliated company, for wallet and custody services. We plan to continue.”
Coinplug has obtained the Information Security Management System (ISMS) certification and has completed the notification of virtual asset business operators. An official said, “As for the future operation policy, we will actively listen to and collect the opinions of the Financial Intelligence Unit (FIU), and separately from the above measures, we will review the acquisition of its own ISMS certification and acquisition of virtual asset business qualification sequentially.” .
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