Coinplug

What Coinplug does

CPLABS (legally 주식회사 씨피랩스, doing business as Coinplug) is a South Korean blockchain and intelligent infrastructure company founded in 2013 and headquartered in Seongnam, Gyeonggi-do. It operates across four product pillars: Smart Infrastructure (MLFF multi-lane free-flow tolling, Digital Twin urban simulation, Smart Hospital systems), AI Solutions (AI Chatbot, AI Model, CP-Guard security, Briefick document generation), Blockchain Platforms (enterprise permissioned blockchain, a public mainnet, and Web2x interoperability), and DID/Wallet services (MyKeepin identity authentication, MetaPass mobile employee credential, Bpass Busan citizen ID), plus supporting platforms K-BTF and DAEPA. The company also operates a cryptocurrency payment gateway under the Coinplug brand, enabling South Korean merchants to accept digital asset payments through mandatory exchange-bank partnerships required by the Virtual Asset User Protection Act, with processing routed via established gateways Danal/PayProtocol, KG Inicis, and KSNET.

The business model is enterprise and government B2B field sales, with quote-based pricing on most solutions and transaction-fee revenue on the crypto payment gateway. Target segments are government agencies (including Busan Metropolitan City), financial institutions and large enterprises, healthcare providers, telecommunications companies, and South Korean merchants accepting crypto. Go-to-market is primarily direct enterprise sales complemented by industry events and a corporate website (cplabs.io); smart infrastructure and DID solutions are delivered as direct implementations while crypto payment acceptance is distributed through integration with traditional payment processors. The company holds over 320 patents across blockchain, AI, and smart infrastructure, has received the Ministry of Science and ICT Minister's Award four times, and maintains ISMS-P and ISO 27001 certifications.

Name

Coinplug

Legal name

주식회사 씨피랩스 (CPLABS, Inc.)

Website

https://coinplug.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

CPLABS (Coinplug) is a South Korean blockchain and intelligent infrastructure company, founded in 2013, that builds smart-city systems, AI solutions, DID/identity platforms, and a regulated cryptocurrency payment gateway for government agencies, financial institutions, healthcare providers, telecom companies, and domestic merchants.

Ownership category

akta.pro rank

Product category

Blockchain Technology Platforms

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

akta.pro secondary industries

Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE), Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)

Keywords

• Blockchain technology
• Cryptocurrency payments
• Digital identity solutions
• Smart infrastructure
• Enterprise AI solutions

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Crypto Payment Gateway Services: Payment processing fees for cryptocurrency transactions enabling merchants to accept crypto payments with KRW conversion through exchange-bank partnerships

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Coinplug (CPLABS) develops and sells enterprise blockchain platforms, AI solutions, and smart infrastructure products—including MLFF tolling, Digital Twin, Smart Hospital, AI Chatbot, AI Model, CP-Guard, Briefick, and DID identity systems (MyKeepin, MetaPass, Bpass). It also operates a regulated cryptocurrency payment gateway in South Korea enabling merchants to accept digital asset payments with KRW conversion via mandatory exchange-bank partnerships.

Product overview

CPLABS operates as a multi-platform technology company offering integrated smart infrastructure, AI solutions, and blockchain/DID services. The product portfolio includes Smart Infrastructure solutions (MLFF, Digital Twin, Smart Hospital), AI-powered solutions (AI Chatbot, AI Model, CP-Guard, Briefick), and a comprehensive blockchain platform with enterprise blockchain, public mainnet, and Web2x integration. Additionally, the company provides DID/Wallet services including MyKeepin for identity authentication, MetaPass for mobile employee credentials, and Bpass for Busan citizen digital ID. Supporting platforms include K-BTF and DAEPA. For cryptocurrency payments, Coinplug functions as a crypto payment gateway in South Korea's regulated market, enabling compliant KRW services through exchange-bank partnerships. The company was established in 2013, holds over 320 patents, and serves 250+ partners across finance, telecommunications, and government sectors.

Differentiator

Problem solved

Functional benefit

Brands

• CPLABS: Corporate brand name for the company, used on cplabs.io website

Products and services

• MLFF (Multi-Lane Free Flow) Multi-Lane Free Flow system enabling automated, free-flow toll collection without traditional toll gates, targeted at transportation and mobility infrastructure operators.
• Digital Twin
• Smart Hospital
• AI Chatbot Conversational AI chatbot providing real-time responses about products and technologies, deployed in Beta on the CPLABS website for customer engagement.
• AI Model
• CP-Guard
• Briefick
• Enterprise Blockchain Platform
• Public Mainnet (Open Blockchain)
• Web2x (Web3 Integration Solutions)
• MyKeepin (Identity Verification)
• MetaPass (Mobile Employee ID)
• Bpass (Busan Citizen ID)
• K-BTF
• DAEPA
• Crypto Payment Gateway

Quantifiable outcome

• 250+ partners and customers across finance, telecommunications, and government sectors
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature12 records

Partnerships

Seven partnerships are on record, tiered core and major.

• Financial Institutions (Banks)coreStrategic or Co-development PartnerPartnerships with banks for compliant KRW cryptocurrency services as mandated by South Korean Virtual Asset User Protection Act. Exchange-bank partnerships enable compliant fiat on/off ramps for crypto payment processing.
• Cryptocurrency ExchangescoreTechnology or IntegrationIntegration with cryptocurrency exchanges for blockchain transaction processing and KRW conversion services enabling compliant payment gateway operations.
• Telecommunications CompaniesmajorStrategic or Co-development PartnerCollaborations with telecom providers for mobile employee ID (MetaPass) and telecommunications infrastructure modernization using blockchain technology.
• Government AgenciescoreStrategic or Co-development PartnerDeep partnerships with government agencies including Busan Metropolitan City for citizen ID (Bpass), and various ministries for smart city and digital transformation initiatives.
• Danal/PayProtocol (Paycoin)majorTechnology or IntegrationIntegration for crypto payment gateway services allowing merchants to accept cryptocurrency payments through established payment infrastructure.
• KG InicismajorTechnology or IntegrationTraditional payment gateway partner that integrated cryptocurrency options; partnered with Crypto.com in March 2026 for expanded services.
• KSNETmajorTechnology or IntegrationPayment gateway partner enabling crypto payment processing; partnered with Crypto.com in mid-2025 for enhanced cryptocurrency services.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Alchemy Pay: Asia-headquartered crypto payment gateway offering fiat-crypto ramp services for merchants globally; competes directly with Coinplug's crypto payment gateway and targets similar exchange-bank and PSP integration models.
• Triple-A: Singapore-based licensed crypto payment gateway enabling merchants to accept digital assets with fiat settlement; comparable to Coinplug in business model and regulatory-first approach across APAC.
• ICON Loop (ICON): Korean enterprise blockchain and DID platform (ICON, MyID) competing with Coinplug's Enterprise Blockchain Platform and MyKeepin DID solutions in the same domestic market and government accounts.
• Klaytn / GroundX (LINE): Korean public blockchain with enterprise adoption focus and DID/service tokenization; competes with Coinplug's public mainnet and enterprise blockchain offerings for Korean enterprise and government pilots.

Broad incumbents

• BitPay: Largest US-headquartered crypto payment processor for merchants; broader geographic reach but similar merchant-facing crypto-to-fiat settlement service.
• Coinbase Commerce: Merchant crypto payment product of Coinbase; comparable offering to Coinplug's payment gateway with much broader scale and global brand recognition.
• Linewallet / LINE Blockchain: Japanese/Korean consumer-scale blockchain and wallet platform via LINE messenger; comparable DID/wallet ambitions and tokenized services targeting Asian consumers and SMEs.
• R3 Corda: Global enterprise permissioned blockchain platform serving banks and financial institutions; comparable to Coinplug's Enterprise Blockchain Platform in serving regulated financial institutions with private DLT.
• ConsenSys (Infura/MetaMask): Global Ethereum-focused Web3 infrastructure provider covering wallets, identity, and enterprise tooling; competes broadly with Coinplug's public mainnet and Web2x integration products.

Regional players

• Hashed: Leading Korean blockchain investor and operator with Web3 infrastructure exposure; relevant as a Korean Web3 ecosystem participant rather than a direct competitor, often adjacent to Coinplug's stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/coinplug
• Facebookfacebook.com/coinplug
• LinkedInlinkedin.com/company/coinplug-inc-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coinplug