South Korean KEB Hana Bank, partnering with Bitgo, is offering digital asset custody services from the second half of next year.
KEB Hana Bank, one of South Korea’s largest financial institutions, has partnered with digital asset custody company BitGo Trust Company. As a result of this partnership, the South Korean financial institution will offer digital asset custody.
Digital asset move from South Korean giant bank
The South Korean bank, which has a total assets of 448 billion dollars, opened its curtains to crypto. KEB Hana Bank plans to launch its services in the second half of 2024. BitGo Trust Company, which operates in the field of digital assets and crypto, will be the partner of KEB Hana Bank in this journey.
KEB Hana Bank announced its digital asset move at the Korean Blockchain Week in Seoul. Hana’s move will use BitGo’s blockchain technology. “The partnership is expected to be an important milestone in raising the standards of the local digital asset market to the global level and fostering institutional participation in the market,” Hana and BitGo said in a joint press release. it was said.
The South Korean bank posted a net profit of US$2.4 billion last year. Hana is known as one of the top 5 banks in South Korea.
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