Upbit partner KBank files stablecoin wallet trademarks ahead of IPO
Quick Take
- South Korea’s KBank has filed 13 trademark applications related to stablecoin wallets.
- The bank is currently preparing for an initial public offering in South Korea and plans to expand its digital asset business following the IPO.
KBank, a South Korean neobank, has filed trademark applications for stablecoin wallets ahead of its planned initial public offering.
According to the Korea Intellectual Property Rights Information Service (KIPRIS), KBank has submitted 13 trademark applications for names including KSC Wallet, KSTA Wallet, Kstable Wallet, and Kbank SC Wallet. It previously filed trademark applications for stablecoin tickers in July 2025.
In the database, these applications were classified into software for digital currency, cryptocurrency, and stablecoin transactions; crypto mining; NFT-related software; and financial services. Local media reported that the filings suggest the planned wallet system would be comprehensive, covering functions such as remittances, payments, and settlements.
The move comes as KBank makes its third attempt to go public in South Korea, after scrapping two previous IPO attempts in 2023 and 2024.
In its IPO registration statement, the bank said it plans to use proceeds from the offering to accelerate its digital asset business, among other initiatives. KBank is targeting a listing on the KOSPI on March 5, 2026, according to a report from News1.
KBank also recently signed a partnership agreement with local blockchain firm BPMG, Thailand's Kasikorn Bank, and Orbix Technology to develop a stablecoin-based finance solution between the two countries. The system will be geared toward tourists and Thai workers in South Korea.
KBank's recent digital asset push aligns with broader efforts by South Korean authorities to establish a comprehensive regulatory framework covering stablecoins and crypto ETFs. While the legislation is expected to be finalized in the first quarter of this year, major crypto and financial institutions in the country have already started preparing for stablecoin-related products and services.
The neobank could emerge as a key beneficiary of South Korea's increasingly crypto-friendly policy shift, as it is the sole banking partner of Upbit, the country’s largest crypto exchange. Since partnering with Upbit in 2020, KBank's user base has grown by over 500% to around 15 million.
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