Today Hana Bank, Korea’s fourth largest by capital, signed an agreement with U.S. digital asset custody firm BitGo. Once BitGo has established its Korean subsidiary, the two firms will jointly launch a crypto custody business in the second half of 2024.
A Hana Bank official said, “We are expected to contribute to strengthening trust and consumer protection in the domestic digital asset market by promoting (a) digital asset custody business together with global partners.”
According to the Korean site The Block Post, BitGo CEO Mike Belshe said, “Together with Hana Bank, we want to build a long-term foundation for the security token issuance (STO) market.”
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