South Korea conducted its first institutional digital assets sale after lifting the ban on institutional crypto transactions ahead of the upcoming presidential elections scheduled for June 3, 2025.
Non-profit organization World Vision made the historic sale, with support from Upbit's parent company, selling 0.55 Ether (ETH) for 1.98 million won.
Starting June 1, 2025, non-profit organizations in South Korea can sell crypto holdings through local exchanges following the roadmap set by the Financial Services Commission.
As part of upcoming developments, publicly traded companies and professional investors will be allowed to access the digital asset market in Q3 2025 in South Korea.