Jeonbuk Bank launches South Korea’s first Bitcoin-backed loans for corporate clients
Photo: Crypto Briefing
The JB Financial Group subsidiary will lend won against Bitcoin collateral to businesses, with plans to expand based on demand and regulation A regional South Korean lender has just done something none of the country’s banks had done before. Jeonbuk Bank now lets corporate clients borrow Korean won using Bitcoin as collateral. The product launched on October 12, 2026, and is described as the first won-denominated loan in South Korea secured by Bitcoin. Jeonbuk Bank, a subsidiary of JB Financial Group, says it plans to expand the offering depending on market demand and how regulations develop.
Also reported by Coinpedia, The Cryptonomist.
Source: Crypto Briefing
