Cointelegraph·Oct 12, 2026, 8:45 AM UTCBTC

South Korean bank launches Bitcoin-backed business loans: Report

3 outlets reporting

Your call?

Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral.

Read the full story at Cointelegraph →Follow @lypp for breaking news

Why is BTC moving today? →

Also covered by 2 outlets

Crypto Briefing ↗
Jeonbuk Bank launches South Korea’s first Bitcoin-backed loans for corporate clients
Unchained ↗
South Korea’s Jeonbuk Bank Lends Won Against Bitcoin, Using Court Sales for Defaults

More news

CoinDesk
South Korea just got its first traditional bank loans backed by bitcoin
Bitcoin.com News
Shorting XRP, Bitcoin, Ether, SOL Has This NEAR Trader up $20 Million
CoinDesk
SWI raises $894 million to repurpose former FTX bitcoin miner Genesis Digital to AI
CoinDesk
Altcoins rally on thin trading as bitcoin holds below $83,500
Decrypt
UK Freezes $12M London Penthouse of Alleged Prince Group Finance Chief
Crypto Briefing
Bullish plugs its Bitcoin options into Elwood Technologies for post-trade management