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[Delio] Delio acquires a KOSDAQ-listed company with a market capitalization of 200 billion KRW

Delio has signed a contract to acquire ISE Commerce, a KOSDAQ-listed company.

Through a public declaration on the 14th, ISE Commerce announced that it had signed a stock transfer contract with Delio and three other companies including ISE Network, the largest shareholder. It will acquire 10.5 million shares for 6,142.9 KRW per share, and when the remainder is paid, Delio will hold 23.23% of the stake which will make Delio the largest shareholder.

Although Dunamu, the operator of Upbit, obtained a 1% stake in Woori Financial Group last year, this is the first time in South Korea that a digital asset company has acquired management rights as the largest shareholder and a KOSDAQ-listed company.

Delio’s acquisition seeks to develop a Web 3.0 ecosystem that integrates the real economy and crypto via the ‘WizWid’ platform, with future intentions to merge commerce with 01etc NFT Marketplace.

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Delio

Delio

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Delio Digital Asset Finance Group, established in 2018, is №1 fintech company based in Seoul and acquired digital asset licenses from Korean and US governments.