Share this article
Korean Banks Back $7.4 Million Funding Round for Blocko
Blocko, a blockchain firm working on enterprise applications of the tech, says it's raised $7.44 million from investors including Shinhan Bank.
Updated Dec 12, 2022, 12:42 p.m. Published Aug 22, 2019, 12:00 p.m.
Make us preferred on Google
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Blocko, a South Korean blockchain firm working on enterprise applications of the tech, says it's raised 9 billion Korean won (around $7.44 million) in an Series B+ round.
According an announcementhttps://www.blocko.io/media/%EB%B8%94%EB%A1%9C%EC%BD%94-90%EC%96%B5-%EC%8B%9C%EB%A6%AC%EC%A6%88b-%ED%88%AC%EC%9E%90-%EC%9C%A0%EC%B9%98/ on Thursday, Blocko said Korea's oldest bank, Shinhan, as well as KEB Hana Bank, LB Investment and Dadam Investment took part in the round. The investment brings the firm's total funding to date to over $20 million, according to CoinDesk Korea.
Blocko is working to build business-focused blockchain services, and has been working in conjunction with several national institutions such as the nation's stock exchange, the Bank of Korea, Hyundai and the Korea Electronics and Telecommunications Research Institute.
In May, the firm launched a blockchain platform dubbed Aergo Enterprise, aiming to address the "growing need for data sharing between industries and companies in areas such as identity verification, document management, and the Internet of Things," the firm told told CoinDesk Korea at the time.
Aergo Enterprise has since been deployed by more than 10 companies and institutions at home and abroad.
In the latest update, Blocko CEO Won-beom Kim said that aside from its enterprise work, the firm aims to "showcase various blockchain-based solutions that can be used in areas that have been difficult to implement, such as smart grids and dark data."
Korean wonhttps://www.shutterstock.com/image-photo/south-korean-won-currency-482062837?src=AWupV90Hj8Vf7Rijm7_pIA-1-50 image via Shutterstock
Plus pour vous
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ce qu'il:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Plus pour vous
Tokenization 'supercycle' set to drive crypto’s next leg higher in 2026: Bernstein
After a choppy end to 2025, Wall Street broker Bernstein said crypto markets have likely bottomed and it sees a broad-based tokenization boom reshaping finance.
Ce qu'il:
- Bernstein expects a tokenization 'supercycle' in 2026 spanning stablecoins, capital markets and prediction markets.
- The broker reiterated its $150,000 bitcoin forecast for 2026 and $200,000 as its peak 2027 cycle target.
- Coinbase, Robinhood and other crypto-linked equities are seen as key beneficiaries.
