South Korean Corporates Can Now Borrow Against Bitcoin Holdings via Jeonbuk Bank

Jeonbuk Bank has launched a Bitcoin-backed loan product aimed at corporate clients, according to multiple reports. The offering is described as the first of its kind from a South Korean bank, opening a new channel for businesses to borrow against digital asset holdings. Under the arrangement, corporate borrowers can use Bitcoin as collateral to secure loans without necessarily depositing the asset directly into the bank's own custody. Reports describe this structure as allowing Bitcoin to enter the lending process while keeping the asset itself outside the bank's direct holdings, a distinction that separates the product from conventional collateralized lending models…