Naver Financial to Launch ‘Silk Pocket’ Stablecoin Wallet in December

Published at 2025-11-25 14:45:56

Naver Financial has formally announced it will launch Silk Pocket, a stablecoin wallet service, in December 2025. The product is being developed with blockchain investment firm Hashed and represents a step by the internet giant into stablecoin custody and payments within its broader fintech push.

The rollout could accelerate mainstream stablecoin usage in South Korea by bringing crypto capabilities to a large existing user base, and the Hashed tie-up adds blockchain credibility to the project. Observers will watch regulatory responses and integration with Naver’s services, as the initiative may influence how domestic platforms approach digital-asset payments and on‑ramps moving forward.

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Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.

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Published at 2025-12-03 17:15:09

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