Managed Bank Adoption

South Korean regulators allow Jeonbuk Bank's product to continue while requiring conservative collateral management, custody controls, and corporate-borrower disclosures. The most likely path is incremental adoption because the product follows recent legalization of tokenized securities but still sits in a post-Celsius risk framework.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.