[Digital Today reporter Sangyeop Oh] Blockchain infrastructure company DSRV has unveiled an onchain finance operations platform for financial institutions and companies. DSRV said on July 9 it launched the onchain finance operations platform, called DSRV Portal.

DSRV Portal was developed to solve infrastructure fragmentation that companies have faced when procuring functions such as custody, payments and wallets from different providers.

It has an "onchain finance operating system (OS)" structure that lets users select and use needed functions without a separate blockchain development organisation. DSRV said this can reduce the development costs and time required to build infrastructure.

Its scope of application is also broad. It can respond to onchain finance demand by sector, such as banks' trade payment settlements and brokerages' brokerage of real-world assets (RWA).

Banks, securities firms and card companies, as well as electronic financial businesses and fintech companies, can also adopt it. DSRV is in discussions to integrate services with multiple companies at home and abroad, and plans to cooperate with companies preparing to enter onchain finance.

DSRV is a company that has completed acceptance of its report as a virtual asset service provider (VASP). It has the legal status to provide digital asset services within South Korea's institutional system.

DSRV Portal was also designed with a focus on regulatory compliance. It applies a multi-step electronic approval system that executes only after passing predetermined approval procedures.

It also applies multi-party computation (MPC) key management technology that distributes and manages cryptographic keys in multiple pieces, as well as a cold wallet that stores assets in an offline environment separated from the internet. Key processing steps are recorded on the blockchain.

DSRV said this can reduce the burden on institutions that must comply with domestic regulations such as anti-money laundering (AML) rules and the Foreign Exchange Transactions Act.

Jiyoon Jung (정지윤), DSRV's chief operating officer, said, "DSRV Portal, unveiled this time, is a product that dramatically reduces the burden and opportunity costs for institutions that had to integrate multiple services individually." She added, "We will provide an environment where domestic companies can focus only on business without worrying about regulations."