The initiative is intended to enhance settlement efficiency, and serve as building blocks toward a broader framework for e-CNY integration.

Digital asset platforms (DAPs) and tokenized custody platforms (TCPs) will fall under the same bracket as other financial intermediaries.

The deal would bring Upbit's parent Dunamu under the umbrella of Naver Financial.

Digital asset treasuries have become all the rage recently, with many firms copying the strategy popularized by Michael Saylor's bitcoin...