FairSquare Labs

Name

FairSquare Labs

Legal name

주식회사 페어스퀘어랩

Website

https://fairsquarelab.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Digital Asset Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)

akta.pro secondary industries

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI)

Keywords

• Digital asset infrastructure
• Blockchain financial services
• Institutional custody solutions
• Security token platform
• Stablecoin technology

Headquarters

HQ city

Seocho

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

Revenue model

1. Digital Asset Infrastructure Technology: Building digital asset issuance and distribution infrastructure with major Korean financial institutions, providing custody and compliance services through subsidiaries
2. Professional Services: Technical consulting and implementation services for blockchain and stablecoin projects with financial institutions
3. Custody Services (via KDAC): Institutional digital asset custody services through subsidiary KDAC, serving major banks and asset managers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

FairSquareLab develops and operates blockchain-based digital asset infrastructure for Korean financial institutions. Its offerings include Assetrum (a GS Grade 1 certified security token issuance and distribution platform), Sphere (institutional-grade Wallet-as-a-Service for digital asset custody), and an AMM-based on-chain FX settlement engine for stablecoin-based Payment-versus-Payment (PvP) settlement. Through subsidiary KDAC, it provides licensed digital asset custody services; through Kloint, it offers digital asset investigation and compliance services. The company serves as the sole blockchain technology provider for the EverStable KRW stablecoin consortium and the KDX security token exchange consortium.

Product overview

FairSquareLab operates as a platform-plus-ecosystem architecture offering multiple integrated digital asset infrastructure solutions. The core product portfolio includes Assetrum (tokenization platform), Sphere (institutional Wallet-as-a-Service), and KDAC (custody subsidiary). These are complemented by strategic consortia (EverStable for KRW stablecoin, KDX for security tokens) and Kloint (compliance investigation services). The ecosystem enables issuance, custody, and exchange of tokenized currency and securities, with the company providing the underlying blockchain technology while subsidiaries and partners handle specialized functions.

Differentiator

Problem solved

Functional benefit

Brands

• Assetrum: Total digital asset solution platform for tokenized securities issuance and distribution.
• Sphere
• EverStable Consortium™

Products and services

• Assetrum
• Sphere (Institutional Wallet-as-a-Service)
• KDAC (Korea Digital Asset Custody)
• Kloint
• On-chain FX Settlement Engine

Quantifiable outcome

• Reduces FX settlement from T+2 to T+0 (real-time)
• +2 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

18 partnerships are on record, tiered core.

• ChainlinkcoreTechnology or Integration · 23 June 2026Project Pangea collaboration enabling stablecoin-based FX settlement between European and Korean banks. Chainlink provides CCIP and Data Streams infrastructure combined with FairSquareLab's multi-currency stablecoin liquidity engine.
• UniKA (Unified Korea Alliance)coreStrategic or Co-development Partner · 23 June 2026Korean banking consortium steering committee with Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA alongside 10+ participating commercial banks for stablecoin FX settlement projects.
• QivaliscoreStrategic or Co-development Partner · 23 June 2026Euro stablecoin consortium backed by 37 European banks, partnering with FairSquareLab for cross-border FX settlement using regulated EUR and KRW stablecoins.
• RipplecoreStrategic or Co-development PartnerStrategic partnership with one of world's largest blockchain companies for cross-border payment and digital asset infrastructure solutions. Partnership established 2024.
• zkSynccoreTechnology or IntegrationPartnership with Ethereum ZK-Rollup L2 solution providing high throughput, low cost, and privacy advantages for institutional applications.
• ProgmatcoreStrategic or Co-development PartnerJapan's MUFG-initiated digital asset platform operating consortium with 200+ financial institutions. Korea-Japan stablecoin remittance Project Pax collaboration.
• PolymathcoreTechnology or IntegrationPublic blockchain specialized in security token offerings supporting compliant institutional asset issuance and trading. Strategic partnership established 2023.
• AxelarcoreTechnology or IntegrationCross-chain interoperability protocol supporting connectivity between diverse blockchains, recently acquired by Circle.
• Digital AssetcoreTechnology or IntegrationLeading global blockchain company chosen as trusted partner in Korea for digital asset infrastructure.
• Linux Foundation Decentralized Trust (LFDT)coreStrategic or Co-development PartnerNonprofit open-source foundation fostering collaboration on decentralized technologies. FairSquareLab joined as general member 2026 and obtained Besu Certified Service Provider status.
• Bank of Korea (한국은행)coreStrategic or Co-development PartnerTrusted blockchain technology partner for stablecoin technical advisory.
• Korea Exchange (KRX/한국거래소)coreStrategic or Co-development PartnerKRX participates in KDX Consortium for security token exchange alongside KOSCOM, Korea Securities Finance, and 23 securities firms.
• Korea Securities Depository (한국예탁결제원)coreStrategic or Co-development PartnerSecurity Token Technology Council participation for tokenized securities infrastructure.
• Shinhan Bank (신한은행)coreStrategic or Co-development PartnerStablecoin payment service PoC and Project Pax participant. KDAC shareholder with strategic alliance through equity structure.
• NH NongHyup Bank (NH농협은행)coreStrategic or Co-development PartnerKDAC shareholder and partner for STO and stablecoin API integration. Major participant in Korea-Japan stablecoin cross-border projects.
• Kbank (케이뱅크)coreStrategic or Co-development PartnerProject Pangea participant for stablecoin-based FX settlement infrastructure.
• KDAC (Korea Digital Asset Custody)coreOthersSubsidiary and Korea's first licensed digital asset custody provider. Major commercial banks Shinhan and NH as shareholders. SOC 1 Type II certified.
• KlointcoreOthersDigital asset compliance company and Korea's only crypto investigation service provider (ISP). Founded 2023.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Progmat: Progmat is Japan's MUFG-initiated digital asset platform with a 200+ financial institution consortium. It is FairSquareLab's direct counterpart in Japan and a co-participant in Project Pax Korea-Japan stablecoin remittance, making it a close functional peer in Asian institutional tokenization.
• Polymath: Polymath is a security token offering infrastructure provider focused on compliant tokenized securities issuance. It is a strategic technology partner of FairSquareLab and a comparable platform for regulated STO issuance (analogous to Assetrum).
• Anchorage Digital: Anchorage Digital is a federally chartered crypto bank offering institutional digital asset custody, staking, and on-chain services. It competes with FairSquareLab's regulated VASP-licensed KDAC custodian for institutional client mandates.
• Fireblocks: Fireblocks provides an institutional digital asset custody, settlement, and wallet-as-a-service platform used by banks, exchanges, and asset managers. It competes head-to-head with FairSquareLab's Sphere WaaS and KDAC custody offering in the Korean and global institutional segments.
• Paxos: Paxos offers regulated tokenization infrastructure, stablecoin issuance (e.g., PayPal USD), and institutional custody. It is comparable to FairSquareLab's combined tokenization (Assetrum) plus custody (KDAC) plus stablecoin (EverStable) stack.
• BitGo: BitGo is a leading global institutional digital asset custody and wallet infrastructure provider offering MPC-based custody, staking, and trading services. It is a direct competitor to FairSquareLab's KDAC and Sphere institutional custody stack, and is even visible as a partner logo on FairSquareLab's own ecosystem.
• Digital Asset: Digital Asset is an enterprise blockchain and tokenization infrastructure provider (DAML/Canton) and a named FairSquareLab partner for Korean digital asset infrastructure. It is comparable in enterprise tokenization positioning and client base.

Broad incumbents

• Coinbase Custody: Coinbase operates one of the largest institutional digital asset custody businesses globally under a New York trust charter. It is a broad incumbent that overlaps with KDAC in institutional custody and could expand into Korean markets.
• Circle: Circle issues USDC stablecoin and recently acquired Axelar (a FairSquareLab partner) for cross-chain interoperability. It overlaps with FairSquareLab's EverStable stablecoin, FX settlement, and tokenization initiatives as a much larger incumbent.

Regional players

• Klaytn / Ground X: Klaytn is a Korean Layer-1 blockchain operated by Ground X (Kakao) targeting enterprise and tokenized asset applications. It is a regional peer serving overlapping Korean institutional tokenization use cases.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors8 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 FairSquare Labs