South Korean blockchain infrastructure provider DSRV has completed a Series B funding round of approximately $11.6 million, with participation from major Korean investment firms including Intervest.

BlockBeats News, July 23, South Korean blockchain infrastructure service provider DSRV announced the completion of approximately 16 billion Korean won (about $11.6 million) in Series B round 1 financing. This round of financing was participated by leading Korean investment institutions such as Intervest and NH-SK Securities, and the second round of financing is expected to start at the end of next month, with more financial institutions joining.

DSRV currently provides nodes and infrastructure services for over 70 global blockchain networks, managing assets worth over 40 trillion Korean won. The company's sales in 2023 reached 10.7 billion Korean won, with a net profit of 3 billion Korean won. In the future, it will focus on expanding into new business areas such as stablecoins and custody, and accelerate its global expansion plan in regions such as the United States, Japan, and Africa. (edaily)