Upbit Partner KBank Moves On Stablecoin Wallet Plans Before IPO

TLDR

KBank filed 13 stablecoin wallet trademarks, including KSC Wallet and Kstable Wallet.
The trademarks cover crypto software, NFT tools, and financial transaction services.
KBank plans to expand its digital asset business with funds from the March IPO.
KBank’s user base grew to 15 million after partnering with crypto exchange Upbit.

South Korea’s KBank, known for its partnership with leading crypto exchange Upbit, has taken a major step toward expanding its digital asset services. As it prepares for a March 2026 IPO, the neobank has filed 13 trademark applications for stablecoin wallets. The move signals KBank’s plans to deepen its role in the crypto space and support remittance, payment, and settlement functions through blockchain-based wallet systems.

Upbit Partner KBank Files Stablecoin Wallet Trademarks Ahead of IPO

KBank, a digital-only bank in South Korea and a partner of crypto exchange Upbit, has filed for 13 stablecoin wallet trademarks. The filings come as the bank prepares for an initial public offering (IPO) scheduled for March 5, 2026.

The trademarks were submitted to the Korea Intellectual Property Rights Information Service (KIPRIS) and include names such as KSC Wallet, KSTA Wallet, Kstable Wallet, and Kbank SC Wallet. These filings are seen as part of the bank’s strategy to grow its digital asset services in a more regulated environment.

IPO Plans Linked to Digital Asset Expansion

This is KBank’s third attempt at going public after two previous IPO efforts were canceled in 2023 and 2024. According to its IPO registration statement, the bank aims to use the proceeds to accelerate its expansion into digital finance, including stablecoin-related services.

KBank is targeting a listing on the Korea Composite Stock Price Index (KOSPI). The listing, expected on March 5, will help the bank raise funds for technology development, including tools for cryptocurrency transactions and blockchain-based remittance systems.

Local reports note that the wallet system KBank is planning will likely support stablecoin transactions for various functions. These may include payments, settlements, and cross-border remittances. The trademarks were also categorized under software for cryptocurrency, crypto mining, NFTs, and financial services.

Cross-Border Stablecoin Project with International Partners

Alongside the filings, KBank has entered into a partnership to develop a stablecoin-based financial system. The bank recently signed an agreement with blockchain firm BPMG, Thailand’s Kasikorn Bank, and Orbix Technology. The goal is to create a stablecoin service that supports Thai workers and tourists in South Korea.

This joint project will focus on cross-border remittances and travel-related payments. The system will allow users to send and receive digital money across borders using mobile wallet technology. This is part of KBank’s broader strategy to offer digital financial tools with practical daily use.

Positioning in South Korea’s Growing Crypto Market

KBank is well-positioned in the digital finance sector due to its exclusive partnership with Upbit, South Korea’s largest cryptocurrency exchange. Since the partnership began in 2020, KBank has seen rapid user growth. Its customer base has increased over 500%, now reaching around 15 million users.

This growth follows broader changes in South Korea’s financial landscape. The country’s authorities are preparing to introduce a new regulatory framework for stablecoins and crypto ETFs. These regulations are expected to be finalized within the first quarter of 2026.

By acting early, KBank appears to be aligning with this changing regulatory climate. Other major financial and crypto firms in the country are also moving toward stablecoin-related offerings in preparation.

A report from News1 confirmed that KBank’s digital strategy and IPO timeline remain on track. The bank hopes to secure its place as a key player in South Korea’s regulated digital finance space.

Upbit Partner KBank Moves On Stablecoin Wallet Plans Before IPO

TLDR

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