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BULLISH 📈 : KBank Files for Stablecoin Wallet Trademark as IPO Plans Accelerate
South Korea's neobank, KBank, has filed 13 trademark applications for stablecoin wallets as it prepares for an Initial Public Offering (IPO). Proposed names include KSC Wallet, KSTA Wallet, and Kstable Wallet. These applications cover software for digital currency, cryptocurrency, stablecoin transactions, crypto mining, NFT-related software, and financial services.
- KBank's planned wallet system will support remittances, payments, and settlements.
- This marks KBank's third attempt at an IPO; previous attempts were in 2023 and 2024.
- The IPO is aimed at accelerating its digital asset business and is scheduled for March 5, 2026, on the KOSPI.
Amidst this IPO trend, crypto wallet Ledger plans to enter the US market with a $4 billion valuation. Ledger collaborates with banking giants like Goldman Sachs, Barclays, and Jefferies. BitGo recently completed its IPO in the US, raising $212.8 million at $18 per share, valuing the company at $2.08 billion.