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Delio

Topic: Company

 From HandWiki - Reading time: 2 min
Delio Inc.
TypePrivate
IndustryFinance
FoundedApr, 2018
FoundersJung, James
Headquarters
Seoul
,
South Korea
Number of employees
48 (2022)
Websitewww.delio.global

Delio - established in 2018, is a fintech company based in Seoul, South Korea. The company's services lending, depositing, private brokerage service, cold wallet, decentralized crypto exchange and NFT marketplace. As of March 15, 2022, the total value utilized (TVU) of bitcoin (BTC) on Delio platform is over $1.5 billion.[1]

BTC and ETH-backed loans (lending) - Bitcoin or Ethereum is used as collateral to borrow from a set of digital assets. Other services are digital asset savings (depositing) and fiat lending.[2] The company built a decentralized digital asset exchange built on top of the Ethereum network infrastructure.[3] There is no accurate information about its NFT marketplace.[4]

The company has a VASPs certificate from the Financial Intelligence Unit (FIU) of the Government Financial Services Commission in accordance with the Act on the Use and Reporting of Specific Financial Transaction Information to the companies which intend to purchase, sell, exchange, store, transfer virtual assets in Korea. The company also has the Information Security Management System (ISMS) certificate from the KISA.[5][6].[7]. Money Services Business (MSB) license is issued by FinCEN, an agency under the U.S. Treasury that oversees and regulates currency services such as digital asset transactions, foreign exchange, and international remittances.[8]

Reports

In January 2021, "Study Report on Blockchain-based Innovative Financial Ecology" released by the Ministry of Science, Technology, Information and Communications of Korea recognized Delio as Korea’s NO. 1 DeFi project based on profits and other main factors.[9] In March 2021, "DeFi Market Growth and Inspiration" report released by KCMI, Korea Capital Markets Research Institute introduced Delio as the largest DeFi company in Korea.[10]

References

  1. ↑ "Official webpage of Delio" (in en-US). 2022-03-15. https://delio.global/. 
  2. ↑ "Official Website". Delio Inc.. https://delio.global/. 
  3. ↑ Haechi Labs Delioswap Audit Report (Report). Haechi Audit. 2022-01-03. https://docs.delioswap.finance/audit/haechi-labs-delioswap-audit-report/. 
  4. ↑ "IR 활동 (오픈 콜 이벤트)" (in ko). Xangle. 2022-03-03. https://xangle.io/project/DSP/recent-disclosure/62201fd3b1661f4a360627d9. 
  5. ↑ Kim, Minjoo. "델리오, 'ISMS' 인증 획득 및 가상자산사업자(VASP) 신고 완료" (in ko). https://www.itbiznews.com/news/articleView.html?idxno=50421/. 
  6. ↑ "Delio Completed South Korea's Virtual Asset Service Provider (VASP) Registration". https://cointelegraph.com/press-releases/delio-completed-south-koreas-virtual-asset-service-provider-vasp-registration/. 
  7. ↑ "인증 발급 현황" (in ko). https://isms.kisa.or.kr/main/ispims/issue/. 
  8. ↑ Joo, Eun-hye (2021-12-23). "델리오, 미국 MSB 라이선스 추진... 북미 시장 진출" (in ko). http://www.fintechpost.co.kr/news/articleView.html?idxno=150953#0AXD/. 
  9. ↑ Obciaadmin (2021-01-29). "블록체인기반 혁신금융 생태계 연구보고서" (in ko) (pdf). OBDIA 9 (4): 124-175. http://www.obdia.org/trends/?mod=document&uid=1364/. 
  10. ↑ Hong, Jeeyeon (2021-03-22). "디파이(DeFi) 시장의 성장과 시사점" (in ko) (pdf). Korea Capital Market Institute 21 (6): 3. https://www.kcmi.re.kr/publications/pub_detail_view?syear=2021&zcd=002001016&zno=1586&cno=5662. 


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