Author: Tiger Research

Translation & Compilation: TechFlow

TechFlow Editorial: Korea’s crypto market is undergoing a power shift. The era of retail dominance is ending. Even before regulation is fully clarified, traditional financial institutions have aggressively moved to seize control over critical infrastructure—including STO standard-setting, stablecoin payment rails, and custody markets. Behind this seemingly quiet MOU (Memorandum of Understanding) race lies a battle for front-end control of digital asset finance in the coming decade—whoever controls these infrastructures will control the customer on-ramp for the next ten years.

Partnerships and…