South Korean investors are shifting their focus from U.S. big tech stocks to cryptocurrency-related assets. According to the Korean Center for International Finance (KCMI), virtual asset stocks now account for 36.5% of net purchases, up from 8.5%. This shift is partly influenced by the U.S. GENIUS Act, which provides regulatory clarity for stablecoins. Concurrently, KCMI is proposing changes to Korean fiscal law to allow for short-term treasury issuance to support KRW stablecoin reserve, aligning Korea with international regulatory standards.
Meanwhile, Japanese tech giant SoftBank is preparing its digital payments unit, PayPay, for a potential U.S. initial public offering (IPO). With the help of major investment banks like Goldman Sachs and JPMorgan Chase, the IPO could take place in the last quarter of 2025 and is expected to raise more than $2 billion. The final timing and size of the offering will depend on market conditions.
August 2025, Cryptoniteuae