Upbit partner KBank files stablecoin wallet trademarks ahead of IPO

South Korean neobank KBank, the sole banking partner for crypto exchange Upbit, has filed 13 trademark applications for stablecoin wallets, including names like KSC Wallet and KSTA Wallet, in preparation for its planned initial public offering (IPO). These filings, classified under digital currency software and financial services, suggest a comprehensive wallet system for remittances, payments, and settlements. This move occurs as KBank attempts its third IPO, targeting a March 5, 2026, listing on the KOSPI, with IPO proceeds intended to accelerate its digital asset business. KBank is also developing a stablecoin finance solution with Thai partners for tourists and Thai workers in South Korea, aligning with South Korea's broader regulatory efforts to establish a comprehensive framework for stablecoins.

(Source：The Block)