Sewon ENC Discusses Equity Investment with Delio, a Virtual Asset Blockchain Specialist Company

[Asia Economy Reporter Hyunseok Yoo] Sewon ENC, which is promoting new businesses, is partnering with the nation's top virtual asset financial services company to advance a blockchain-based digital finance business.

Sewon ENC announced on the 13th that it has signed a memorandum of understanding (MOU) with Delio, a virtual asset blockchain specialist company, and is conducting detailed discussions on cooperation in the digital finance business and equity investment.

A company official stated, "We signed an MOU regarding business cooperation with Delio last November and have completed accounting due diligence and legal review for equity investment over the past month. We have conveyed our specific intention to invest in Delio's shares and will soon finalize detailed matters such as the investment amount and share ratio."

Sewon ENC is promoting virtual currency-related businesses such as blockchain-based NFTs, DeFi, and the metaverse. To facilitate business promotion, at the extraordinary general meeting of shareholders scheduled for the 17th, the company plans to add ▲blockchain system development ▲payment system development ▲information and communication technology research and development to its business objectives.

Founded in 2018, Delio is the top virtual asset-utilizing financial services company in Korea based on sales. Its main businesses include virtual asset deposit interest services and collateral loan (lending) services. Through loan services for virtual assets such as Bitcoin, Delio trades the largest volume of virtual assets among DeFi-based domestic finance companies.

Sewon ENC and Delio plan to actively promote real estate securitization projects using virtual currencies through close business cooperation in the future.

A company official said, "We plan to actively cooperate with Delio, the nation's top crypto finance company, to promote various virtual asset-related businesses. Sewon ENC is currently pursuing various new businesses to secure new growth engines such as gaming, satellite rockets, and blockchain."