Korbit said on Sunday it has completed a redundant system for won deposits and withdrawals, which it described as the first in the digital asset industry.

The core of the project was diversifying the intermediary firm-banking network that connects Shinhan Bank, which issues Korbit’s real-name verified deposit and withdrawal accounts, with Korbit.

Korbit additionally linked a system from financial IT solutions firm Douzone on top of Hecto Financial, which it had been using.

The digital asset industry has faced frustration that when a specific firm-banking solution provider conducts system maintenance or experiences a temporary outage, won deposits and withdrawals can be temporarily restricted even if the banking network is operating normally.

Korbit explained that with the redundant build-out, it has a system that can immediately support won deposit and withdrawal services through another firm-banking network even if one network has a problem or is undergoing maintenance.

Jungwoo Lee (이정우), Korbit's chief technology officer, said the redundant build-out was a pre-emptive measure to minimise user inconvenience and provide a stable investment environment even in unexpected outage situations. He said the company will continue technological innovation to protect investors and strengthen system stability.