Virtual asset exchange Korbit said on the 3rd that it has significantly improved the functions of Korbit Biz, a corporate-only service, to enhance convenience for corporate members and strengthen internal controls.
In this update, Korbit focused on clearly separating the account permission structure to increase the stability of corporate assets. A portfolio management feature for efficient fund operations was also added.
Korbit strengthened its internal control system by dividing the account framework into an "administrator account" and a "user account." It restricted deposits and withdrawals to and from external wallets to only the administrator account, and designed the user account, which handles day-to-day operations, to allow only virtual asset transactions and use of various services, fundamentally blocking embezzlement and other financial incidents.
It also newly added a "portfolio management" feature for efficient fund operations. This function allows assets within a corporate account to be divided by person in charge and by purpose and managed independently like separate accounts. Through this, those in charge can each conduct transactions within their assigned portfolios, and it is also possible to calculate individual rates of return and manage transaction histories.
Korbit CTO and CPO Lee Jeong-woo said, "This update actively reflects the voices of corporate customers who have been using Korbit Biz, and we focused on simultaneously strengthening internal controls and improving operational efficiency."