Jeonbuk Bank reportedly introduces Bitcoin-backed corporate loans

CIE News ·

South Korea's Jeonbuk Bank has reportedly introduced Bitcoin-backed corporate loans, allowing businesses to borrow won against collateral held by a third-party custodian.

South Korea's Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate clients, according to a report by Cointelegraph on October 12, 2026. The lending service enables business borrowers to obtain South Korean won by pledging Bitcoin (BTC) as collateral. A third-party custodian is responsible for holding the cryptocurrency assets deposited to secure the loans.

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