Jeonbuk Bank in South Korea has started offering won loans to corporate clients using Bitcoin held by a specialist custodian as collateral. The bank does not own or control the Bitcoin directly, relying instead on legal rights and a court-supervised sale process if a borrower defaults. This new lending model allows companies to access working capital without immediately selling their Bitcoin, though key loan terms like loan-to-value ratio, interest rates, and margin calls remain undisclosed. The initiative marks a cautious pilot program that could expand depending on demand and regulatory changes, potentially impacting credit infrastructure and Bitcoin market dynamics in Korea.
A South Korean bank's new Bitcoin-backed lending initiative is the subject, with Pluang market data providing context as of Oct 12, 2026 14:31 WIB. For readers following the cryptocurrency market, 40 of 50 major cryptocurrencies on Pluang rose today while 9 fell. Notable movers include BAT at Rp2.871 with a 10.62% increase, ALGO at Rp2.333 up 9.63%, and EOS at Rp12.649 rising 8.13%.
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