• Bitplanet bought 93 BTC in Korea’s first regulated corporate purchase.
• The firm plans daily Bitcoin buys to reach a 10,000 BTC treasury.
• Backed by major investors, Bitplanet leads Korea’s Bitcoin adoption.

Bitplanet has made history in South Korea’s financial landscape by becoming the nation’s first publicly traded company to purchase Bitcoin (BTC) through a regulated domestic exchange.

The KOSDAQ-listed technology firm recently acquired 92.67 BTC — worth approximately $10.9 million — marking a new chapter in the country’s corporate embrace of digital assets.

Korea’s first regulated corporate Bitcoin buy

The BTC acquisition positions Bitplanet as a pioneer in compliant Bitcoin adoption within Asia’s evolving financial ecosystem.

For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea — culminating in becoming the first public company to purchase Bitcoin directly through a licensed domestic crypto exchange. As of October 26,… pic.twitter.com/hEmpvh9fUL

— Bitplanet Inc. (@Bitplanet_KR) October 26, 2025

It is the first time a listed company has acquired Bitcoin through a licensed exchange within the country’s regulated financial infrastructure.

Executed entirely under the supervision of South Korea’s Financial Intelligence Unit (FIU), the transaction signals growing confidence among institutional investors that Bitcoin can serve as a legitimate, strategic treasury asset.

The Seoul-based company described the move as a deliberate, rules-based initiative rather than a speculative trade.

Co-CEO Paul Lee explained that the purchase marks the start of a disciplined, long-term accumulation plan designed to reduce timing risks while positioning Bitcoin as a strategic treasury reserve.

The transaction was executed fully in compliance with domestic financial laws, a milestone that could encourage other listed companies to follow suit.

Notably, the timing of Bitplanet’s move coincided with a strong rally in Bitcoin prices, which recently climbed above $115,000 amid optimism about US Federal Reserve rate cuts and increasing exchange-traded fund (ETF) inflows.

By choosing this moment to make its first acquisition, Bitplanet demonstrated not only market awareness but also confidence in Bitcoin’s long-term role as a corporate asset.

From its IT roots to a Bitcoin treasury company

Founded in 1997 as SGA Co., Ltd., Bitplanet has deep roots in IT, cybersecurity, and education technology services.

The company rebranded in September 2025 to reflect a broader shift toward blockchain and Bitcoin-focused ventures.

Its pivot follows the full $50 million acquisition of SGA earlier in the year and the completion of a $40 million fundraising round to support its new treasury strategy.

This strategic transformation underscores Bitplanet’s vision of becoming South Korea’s first institutional-grade Bitcoin treasury company.

The firm has developed a comprehensive infrastructure for compliant digital asset management, including regulated custody solutions, secure storage, and real-time audit systems that meet government and financial oversight standards.

Bitplanet’s management says it intends to accumulate Bitcoin daily through licensed domestic exchanges, aiming to build a reserve of up to 10,000 BTC over time.

This steady, methodical approach minimises exposure to market volatility and mirrors similar strategies employed by firms such as Japan’s Metaplanet, one of Bitplanet’s key backers.

Backed by global Bitcoin advocates

Bitplanet’s Bitcoin strategy is supported by a global network of digital asset investors.

The firm’s backers include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital — groups known for advancing institutional Bitcoin adoption worldwide.

Their involvement signals strong confidence in Bitplanet’s compliance-focused model and its potential to establish a new standard for Bitcoin treasury management in Asia.

Industry observers believe the company’s regulated approach could pave the way for broader corporate participation in South Korea’s growing digital asset market.

The BTC purchase also aligns with the country’s forthcoming Digital Asset Basic Act, scheduled to take effect by 2027, which will formalise the rules for cryptocurrency custody and corporate holdings.

By moving early, Bitplanet positions itself to benefit from the regulatory clarity that this law is expected to bring.

• Western Union is testing stablecoin settlements for faster remittances.
• The GENIUS Act in the United States has boosted confidence in blockchain-based payment systems.
• The company plans on/off-ramp partnerships to link crypto and fiat.

Global payments leader Western Union is preparing to launch a pilot project that will test a stablecoin-based settlement system aimed at transforming the speed, transparency, and cost efficiency of cross-border remittances.

The initiative marks one of the company’s boldest moves yet into blockchain technology and comes at a time when traditional financial institutions are increasingly exploring digital asset solutions.

Western Union eyes blockchain for faster settlements

During the company’s third-quarter earnings call, CEO Devin McGranahan revealed that Western Union is “actively testing stablecoin-enabled solutions” designed to reduce the firm’s dependence on traditional correspondent banking systems.

The pilot will focus on using on-chain settlement rails to move funds more efficiently across the globe while maintaining compliance and customer trust.

McGranahan emphasised that on-chain settlements could allow Western Union to move money faster, cut operational costs, and increase transparency across its vast international network.

With more than 150 million customers in over 200 countries, the company processes roughly 70 million money transfers each quarter.

The shift to blockchain-powered settlements could mark a major leap in how it manages global liquidity and treasury operations.

Stablecoins — digital assets pegged to stable currencies like the US dollar — are increasingly viewed as a key tool for improving international payment systems.

They offer near-instant transfers and lower transaction fees, making them particularly appealing for firms that operate in regions with high remittance flows or limited banking access.

GENIUS Act sparks institutional confidence

Western Union’s decision to move forward follows the passage of the GENIUS Act, a landmark US law signed in July that provides a regulatory framework for stablecoin issuers.

The law has given traditional financial institutions greater confidence to explore digital assets, reducing uncertainty around compliance and consumer protection.

McGranahan noted that the GENIUS Act has opened new doors for the company to experiment with digital assets safely and responsibly.

McGranahan said, “Historically, Western Union has taken a cautious stance toward crypto. However, with clearer rules now in place, we are seeing real opportunities to integrate digital assets into our business.”

The law’s passage has also accelerated stablecoin adoption among Western Union’s competitors and partners.

Mastercard, MoneyGram, and PayPal have each launched or announced their own stablecoin initiatives in recent months, signalling growing institutional momentum behind blockchain-based payments.

Building a bridge between traditional finance and crypto

Beyond its treasury operations, Western Union is exploring partnerships that would position its global network as an on-ramp and off-ramp for digital assets.

McGranahan said the company is in discussions with potential partners interested in using its infrastructure to connect the traditional banking world with the digital asset ecosystem.

Such integration could allow customers to move seamlessly between fiat currencies and stablecoins — especially in regions with underdeveloped banking systems.

Western Union also plans to expand partnerships that enable customers to hold, send, and receive stablecoins, offering them more flexibility in managing funds and preserving value in inflation-prone economies.

The US Treasury Department estimates that the stablecoin market has already surpassed $300 billion and could reach $2 trillion by 2028.

Notably, Western Union’s initiative places it among a growing group of financial institutions seeking to capture a share of that rapidly expanding market.

Western Union’s digital transformation

While this pilot represents a major step forward, it is not Western Union’s first foray into blockchain.

The company previously tested Ripple’s XRP network for cross-border payments in 2015 and again in 2021.

It also filed multiple trademarks in 2022 for crypto-related services, signalling long-term interest in the digital asset space.

McGranahan has repeatedly stressed that the company’s goal is not just to follow industry trends but to modernise how money moves globally.

By leveraging stablecoins, Western Union aims to make international remittances faster, cheaper, and more inclusive — without compromising on trust or compliance.