Woori Fund Service Files Patent Application for Digital Asset Accounting Solution

[Asia Economy Reporter Song Seung-seop] Woori Fund Service announced on the 27th that it has filed a patent for an automation solution for accounting and administrative management for virtual asset exchanges and investors, the first of its kind in Korea.

As the number of corporations holding or investing in virtual assets increases, Woori Fund Service has commercialized the digital asset corporate accounting solution 'DABAS' since January. The system already incorporates patented technology for accounting solutions.

Ko Young-bae, CEO of Woori Fund Service, stated, “With this patent application as a milestone, we will strengthen our position as a specialized administrative manager focused on digital assets and do our best to support virtual asset operators to establish a safe investment market culture.”