CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Hana Bank & BitGo Partner To Offer Crypto Custody in South Korea

05.09.2023
A A
0
124
VIEWS
ShareShare

Hana Bank & BitGo Partner To Offer Crypto Custody in South Korea

  • The commercial bank’s equity is $490M, and its local banking assets are almost $10B.
  • Tokenized deposit technology has lately attracted the attention of Hana Bank.

KEB Hana Bank, one of the biggest banks in South Korea, has partnered with BitGo Trust Company, a leading crypto custody provider, to begin providing custody services.

Yonhap, a South Korean news agency, claimed that KEB Hana Bank and BitGo have reached a strategic business deal to build up digital asset custody in South Korea together. The commercial bank’s equity is $490M, and its local banking assets are almost $10 billion across 111 branches.

Boosting Adoption in South Korea

On September 5 during Korea Blockchain Week, a convention for the crypto sector, executives from Hana Bank allegedly made the announcement. BitGo’s custody solutions and Hana Bank’s financial services and compliance know-how will be combined in a new company established as part of the partnership.

An official from Hana Bank stated:

“By promoting digital asset custody business together with global partners, we expect to contribute to strengthening trust in the domestic digital asset market and consumer protection.”

BitGo CEO Mike Belshe has said that the company would concentrate on improving the safety and openness of the digital asset market in South Korea. Online publications have said that the second half of 2024 is when Hana Bank and BitGo would officially launch their joint venture crypto custody firm.

Tokenized deposit technology has lately attracted the attention of Hana Bank as a potential competitive solution to private stablecoins and CBDCs. The bank, together with other local private banks published a paper in July 2023 outlining the so-called “certificate of deposit” tokens that might replace conventional banking systems.

Highlighted Crypto News Today:

Liquid Staking Soars Despite Overall Crypto Market Downturn

Share10Tweet6ShareSharePin2

Related Posts

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift
Bitcoin

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

07.07.2025
0

BitcoinWorldDDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift In a significant move that echoes a...

Read moreDetails
Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

07.07.2025
Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

07.07.2025
Bitcoin Price: Unveiling Four Crucial Trends Shaping BTC This Week

Bitcoin Price: Unveiling Four Crucial Trends Shaping BTC This Week

07.07.2025
Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence

Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence

03.07.2025
Load More
Next Post
Coinbase to upsize debt repurchase by $30M

Coinbase to upsize debt repurchase by $30M

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin miners need BTC price over $98K by the halving — Analysis

Bitcoin miners need BTC price over $98K by the halving — Analysis

2 years ago
NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSea

NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSea

2 years ago
RWA Sector Grows Most Actively in Crypto Market

RWA Sector Grows Most Actively in Crypto Market

1 year ago
Solana Saga sells for up to $5K on eBay as Bonk frenzy causes sell-out

Solana Saga sells for up to $5K on eBay as Bonk frenzy causes sell-out

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Trending

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing
All news

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

08.07.2025
0

The crypto market is showing negative signals today, with the total crypto market cap falling 4.6%. Bitcoin...

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

08.07.2025
London Duo Jailed for $2 Million Crypto Scheme

London Duo Jailed for $2 Million Crypto Scheme

08.07.2025
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz