Korean Shinhan Bank’s digital asset custody firm Korea Digital Asset Trust (KDAC) has signed its first clients, including NXC, the holding company for Tokyo listed game developer Nexon, reported NewsPim.
With the rise in popularity of cryptocurrencies, there is a new opportunity in banking to manage digital assets, much like traditional wealth management.
Last March, KDAC was founded by digital asset exchange Korbit, blockchain company Blocko, and research firm Fair Square Lab. Shinhan joined as a strategic investor in October.
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