BitGo Korea CEO discusses institutional crypto adoption in Korea

BitGo: BitGo is a digital asset infrastructure company that provides custody, wallet, staking, trading, and settlement services to institutional clients through regulated entities. Its Korean subsidiary recently became the first new local entity established by a global digital asset firm to secure VASP registration acceptance in South Korea, enabling it to offer custody and transfer services to institutional and enterprise clients there. Chen Fang, CEO of BitGo Korea, has emphasized the subsidiary's direct market entry and long-term commitment to Korea alongside local partners. Chen Fang: Chen Fang is CEO of BitGo Korea and Chief Revenue Officer at BitGo, where he drives revenue generation, sales, and growth strategy while leading the company's Korean operations. He recently participated in a conversation highlighting why BitGo Korea joined the firm, its differentiated custody offerings, and Korea's readiness for institutional crypto adoption. Fang has also spoken publicly about Korea's potential beyond retail markets for institutional digital asset growth. Chris Park: Chris Park serves as Head of Commercial Strategy at BitGo, focusing on business development and client engagement in the digital asset space. He recently hosted a discussion with BitGo Korea CEO Chen Fang to explore the company's entry into the Korean market and opportunities for institutional adoption. Park's role involves strategic conversations that support BitGo's commercial expansion efforts. Market Readiness: Recent discussions underscore South Korea's preparedness for a wave of institutional crypto adoption, with BitGo Korea positioned to serve enterprise clients through compliant local operations backed by strategic shareholders including Hana Financial Group and SK Telecom. Regulatory Milestone: BitGo Korea secured VASP registration acceptance from South Korea's Financial Intelligence Unit, allowing provision of virtual asset custody and transfer services to institutional clients as the first new local entity of a global digital asset company to achieve this through direct establishment.