{"id":"wavebridge","title":"Wavebridge","content":"**Wavebridge** is an institutional-focused digital asset financial technology company established in 2018. [\\[1\\]](#cite-id-l2AO61VetyQZiIwj) [\\[2\\]](#cite-id-SYCj6yurhJokygor) Headquartered in Seoul, South Korea, the company provides infrastructure and services designed to bridge traditional finance with digital asset markets. Wavebridge offers secure and compliant access to [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) for institutional clients, including corporations, asset managers, and financial institutions, through its regulated entities in Asia and Europe. [\\[3\\]](#cite-id-XS1PHcRGhrZQDQTd) [\\[4\\]](#cite-id-sT9T4eU6PU6giECB)​\n\n## Overview\n\nWavebridge was created to provide institutional-grade infrastructure for safely investing in and managing digital assets. The company's core strategy is built on operating within established regulatory frameworks, positioning itself as a compliant gateway for institutions to enter the crypto markets. This is achieved through a dual-region presence, with a licensed entity in South Korea and a subsidiary in the European Union. [\\[1\\]](#cite-id-l2AO61VetyQZiIwj) [\\[2\\]](#cite-id-SYCj6yurhJokygor) \n\nWavebridge's business model focuses on providing an all-in-one platform that combines services such as prime brokerage, digital asset custody, over-the-counter (OTC) trading, and corporate treasury management. A key part of its European strategy involves its Lithuanian subsidiary, Wavebridge EU UAB, actively working to secure full authorization as a Crypto-Asset Service Provider (CASP) under the European Union's Markets in Crypto-Assets (MiCA) regulation. This positions the company to offer regulated, pan-European services. The company has raised over $9 million USD in funding and is backed by prominent investors from South Korea's traditional finance and venture capital sectors. [\\[2\\]](#cite-id-SYCj6yurhJokygor) [\\[4\\]](#cite-id-sT9T4eU6PU6giECB)  [\\[3\\]](#cite-id-XS1PHcRGhrZQDQTd) \n\n## Corporate Structure and Regulation\n\n### Headquarters (South Korea)\n\n* **Legal Entity:** Wavebridge, Inc. [\\[4\\]](#cite-id-sT9T4eU6PU6giECB)\n* **Location:** Seoul, Republic of Korea [\\[1\\]](#cite-id-l2AO61VetyQZiIwj)\n* **Regulatory Status:** Wavebridge, Inc. is a licensed Virtual Asset Service Provider (VASP), approved by the Korean Financial Intelligence Unit (KoFIU). Its VASP registration number is 2024-04. The company also holds an Information Security Management System (ISMS) certification with the registration number ISMS-KISA-2025-053. A report from Samsung Securities identified Wavebridge as \"South Korea's only VASP-based prime broker.\" [\\[4\\]](#cite-id-sT9T4eU6PU6giECB) [\\[3\\]](#cite-id-XS1PHcRGhrZQDQTd)\n\n### European Operations (Lithuania)\n\n* **Legal Entity:** Wavebridge EU UAB [\\[4\\]](#cite-id-sT9T4eU6PU6giECB)\n* **Location:** Vilnius, Lithuania [\\[1\\]](#cite-id-l2AO61VetyQZiIwj)\n* **Regulatory Status:** The subsidiary is registered as a VASP in Lithuania with company registration number 306549165 and is supervised by the Bank of Lithuania. [\\[4\\]](#cite-id-sT9T4eU6PU6giECB) [\\[5\\]](#cite-id-MRrm5QwwIGxNBhTR) Wavebridge EU UAB is in the process of obtaining full Crypto-Asset Service Provider (CASP) authorization under the EU’s MiCA framework. This license would enable the company to provide regulated crypto-asset services across all EU member states. [\\[1\\]](#cite-id-l2AO61VetyQZiIwj)\n\n## Services and Technology\n\n### Institutional Platforms\n\n#### Dolfin\n\nDolfin is Wavebridge's flagship product, described as an all-in-one digital asset management platform for institutions. [\\[2\\]](#cite-id-SYCj6yurhJokygor) [\\[6\\]](#cite-id-10OrlWqTeHmQpkox) It targets clients such as asset managers, hedge funds, and family offices. The platform integrates a unified interface for secure custody, over-the-counter (OTC) trading, and comprehensive reporting. The reporting functionalities are tailored for institutional compliance and accounting, providing monthly and quarterly balance sheets and Profit & Loss (P\\&L) statements, as well as integrated support for tax and accounting. [\\[2\\]](#cite-id-SYCj6yurhJokygor) [\\[4\\]](#cite-id-sT9T4eU6PU6giECB)​\n\n#### LEAP\n\nLEAP is a specialized treasury management service designed for corporations. It enables businesses to hold and manage digital assets, such as [Bitcoin](https://iq.wiki/wiki/bitcoin) and [USDC](https://iq.wiki/wiki/usdc), on their balance sheets. The service caters to use cases including corporate investment, balance sheet diversification, and digital asset payments. [\\[2\\]](#cite-id-SYCj6yurhJokygor)​\n\n### Core Services\n\n#### Prime Brokerage\n\nWavebridge's prime brokerage service provides institutional clients with access to aggregated liquidity and best-price execution for large trades. It connects to multiple liquidity sources, including crypto exchanges and OTC desks, to minimize slippage on large orders. This service also includes blockdeal brokerage, which facilitates large, off-exchange trades. [\\[4\\]](#cite-id-sT9T4eU6PU6giECB) [\\[2\\]](#cite-id-SYCj6yurhJokygor)​\n\n#### Digital Asset Custody\n\nThe company offers institutional-grade custody solutions for the secure storage of digital assets. The custody architecture employs a hybrid system combining offline cold storage with hot wallets protected by Multi-Party Computation (MPC) technology. This model is designed to deliver both high security against external threats and operational efficiency, preventing single points of failure by distributing control over private keys. [\\[3\\]](#cite-id-XS1PHcRGhrZQDQTd) [\\[2\\]](#cite-id-SYCj6yurhJokygor)​\n\n#### Over-the-Counter (OTC) Services\n\nWavebridge operates an OTC crypto exchange in South Korea for its institutional clients. The company plans to expand these services across the European Union upon successful acquisition of its MiCA CASP license in Lithuania. The OTC desk supports institutional use cases such as B2B payments and large-scale trading and swapping of digital assets. [\\[5\\]](#cite-id-MRrm5QwwIGxNBhTR)​\n\n### Data and Analytics\n\n#### LIDO\n\nLIDO is Wavebridge's institutional-grade data and analytics service. It aggregates and processes large volumes of on-chain and off-chain market data to provide actionable insights for investors. The service offers market indices and custom analytics to help clients make informed investment decisions in the digital asset space. [\\[2\\]](#cite-id-SYCj6yurhJokygor)​\n\n## Partnerships\n\n### Circle\n\nWavebridge is an official partner of [Circle](https://iq.wiki/wiki/circle), a collaboration formalized in February 2024. Through this partnership, Wavebridge integrates several [Circle](https://iq.wiki/wiki/circle) products into its service offerings, including the USD-backed [stablecoin](https://iq.wiki/wiki/stablecoin) [USDC](https://iq.wiki/wiki/usdc), the Euro-backed [stablecoin](https://iq.wiki/wiki/stablecoin) [EURC](https://iq.wiki/wiki/eurc), and Circle Mint for direct [minting](https://iq.wiki/wiki/minting) and redemption. This integration allows Wavebridge's institutional clients to utilize [stablecoins](https://iq.wiki/wiki/stablecoin) for trading, settlement, and treasury management. The company's platform supports [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) on-ramps and off-ramps and operates on [blockchains](https://iq.wiki/wiki/blockchain) including [Ethereum](https://iq.wiki/wiki/ethereum) and [Solana](https://iq.wiki/wiki/solana). [\\[5\\]](#cite-id-MRrm5QwwIGxNBhTR)​\n\n### Strategic Investors\n\nThe company's Series B funding round included participation from KB Investment, a subsidiary of KB Financial Group, one of South Korea's largest financial firms. Kolon Investment, another prominent Korean venture capital firm, was also a key investor. These relationships provide Wavebridge with strategic backing and credibility within the established financial industry. [\\[2\\]](#cite-id-SYCj6yurhJokygor)​","summary":"Wavebridge is an institutional digital asset fintech company founded in 2018. Headquartered in South Korea with a subsidiary in Lithuania, it provides secure, compliant access for clients to operate across regulated crypto markets in Asia and Europe.","images":[{"id":"QmRr9ZLBZk2toemvxVArpp1m1esqojs12ximSdfiV2w96q","type":"image/jpeg, image/png"}],"categories":[{"id":"organizations","title":"organizations"}],"tags":[{"id":"Organizations"},{"id":"Protocols"},{"id":"Venture"},{"id":"Ethereum"},{"id":"Solana"}],"media":[],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"l2AO61VetyQZiIwj\",\n    \"url\": \"https://wavebridge.com/en/about\",\n    \"description\": \"Wavebridge About Page\",\n    \"timestamp\": 1776080583482\n  },\n  {\n    \"id\": \"SYCj6yurhJokygor\",\n    \"url\": \"https://www.crunchbase.com/organization/wavebridge\",\n    \"description\": \"Crunchbase profile for Wavebridge\",\n    \"timestamp\": 1776080583482\n  },\n  {\n    \"id\": \"XS1PHcRGhrZQDQTd\",\n    \"url\": \"https://www.linkedin.com/company/wavebridge/\",\n    \"description\": \"Wavebridge LinkedIn Company Page\",\n    \"timestamp\": 1776080583482\n  },\n  {\n    \"id\": \"sT9T4eU6PU6giECB\",\n    \"url\": \"https://wavebridge.com/en\",\n    \"description\": \"Wavebridge Official English Website\",\n    \"timestamp\": 1776080583482\n  },\n  {\n    \"id\": \"MRrm5QwwIGxNBhTR\",\n    \"url\": \"https://partners.circle.com/partner/wavebridge\",\n    \"description\": \"Wavebridge partner page on Circle's website\",\n    \"timestamp\": 1776080583482\n  },\n  {\n    \"id\": \"10OrlWqTeHmQpkox\",\n    \"url\": \"https://t.me/dolfin\\\\_wavebridge\",\n    \"description\": \"Official Telegram channel for Dolfin by Wavebridge\",\n    \"timestamp\": 1776080583482\n  }\n]"},{"id":"website","value":"https://wavebridge.com/en"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/wavebridge/"},{"id":"telegram_profile","value":"https://t.me/dolfin_wavebridge"},{"id":"references","value":"https://www.crunchbase.com/organization/wavebridge"},{"id":"commit-message","value":"\"Added wiki page for Wavebridge\""}],"events":[{"id":"6ae204f7-ce46-40b1-996b-0ec347f081fe","date":"2018-01","title":"Wavebridge Founded","type":"CREATED","description":"Wavebridge was founded in Seoul, South Korea by Jong-wook Oh.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"48b8a81a-e124-4653-91c4-9ac1304421f8","date":"2020-03","title":"Raised Series A Funding","type":"DEFAULT","description":"Secured a KRW 2 billion (~$1.5M USD) Series A funding round led by S&S Investment.","link":"https://www.crunchbase.com/organization/wavebridge/company_financials","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"8b88e7e7-fb1c-4b15-80cc-149b1927a09f","date":"2021-09","title":"Raised Series B Funding","type":"DEFAULT","description":"Closed a KRW 10 billion (~$7.5M USD) Series B funding round with investors including KB Investment and Kolon Investment.","link":"https://www.crunchbase.com/organization/wavebridge/company_financials","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"67522e08-79ab-4069-bfd5-1b66f5642a77","date":"2023-01","title":"Obtained VASP License in South Korea","type":"DEFAULT","description":"Obtained a Virtual Asset Service Provider (VASP) license from the Financial Intelligence Unit (FIU) in South Korea.","link":"https://wavebridge.com/en","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"d63f498c-4785-44d6-9438-1c0e3989d09b","date":"2024-02","title":"Partnered with Circle","type":"DEFAULT","description":"Announced a formal partnership with Circle, the issuer of the USDC stablecoin, to enhance its service offerings and provide stablecoin-based solutions.","link":"https://partners.circle.com/partner/wavebridge","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x4a2bC97afBF41a2Cbf4b4628F63420682Ff4CF2a"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","solana"],"founders":[],"speakers":[]}}