Swiss DeFi Infrastructure Provider THORWallet Expands into Asia, Targeting South Korea’s Crypto Market

Swiss-based DeFi infrastructure provider THORWallet is expanding into Asia, with South Korea emerging as a key focus market for its mobile-first crypto platform. The company, known for its non-custodial wallet that integrates decentralized finance services with traditional banking features, says the move reflects growing demand in Asia for tools that connect centralized crypto markets with global DeFi liquidity. South Korea is widely considered one of the most active retail crypto markets globally, with millions of traders and some of the highest digital asset participation rates in the world. Swiss Banking Meets Decentralized Finance One of THORWallet’s distinguishing features is the integration of Swiss banking functionality directly within a non-custodial crypto wallet. Eligible users can access a Swiss IBAN, a multi-currency account, and a global payment card, allowing them to move between crypto assets, decentralized finance, and traditional financial infrastructure within a single interface. The company believes this hybrid approach may appeal to users in Asia seeking more seamless ways to connect digital assets with everyday financial services. “Many crypto users want access to both DeFi and traditional financial rails without giving up custody of their assets,” said Marcel Harmann, founder of THORWallet. “Combining a non-custodial wallet with banking functionality helps close that gap.” Positioning as DeFi Infrastructure THORWallet positions its platform as DeFi infrastructure rather than a traditional crypto wallet, aiming to serve as a gateway through which users and applications can access decentralized liquidity networks. The mobile wallet has processed more than $1.5 billion in cross-chain swap volume, highlighting its role as an active interface connecting users to decentralized liquidity protocols. THORWallet integrates cross-chain liquidity networks such as THORChain, Maya Protocol, and NEAR Intents, enabling users to swap native assets across dif...