South Korea's first non-retail crypto sale was disclosed by Upbit's parent company, Dunamu.
New guidance from South Korea's FSC allows qualified non-profit organizations and registered crypto exchanges to legally sell digital assets locally.
The phased approach includes permitting publicly listed companies and recognized professional investors to trade digital assets in the second half of 2025.
This move showcases South Korea's shift towards accommodating institutional involvement in the digital asset sector and balancing crypto innovation with regulatory oversight.