KB Kookmin Bank, one of the largest banks in South Korea, plans to offer its clients digital asset custody services.
To launch a custodian service, the bank signed a strategic cooperation agreement with the cryptocurrency platform Cumberland Korea and the Hashed blockchain venture fund..
The partners said they were prompted to develop a new business model by regulatory changes related to the regulation of distributed ledger technologies. Companies expect collaboration to enable them to enter the era of digital transformation.
Major Korean bank will start offering cryptocurrency custody services
Unlike its competitors, KB Kookmin Bank will offer a custodian product that will not only target for institutional investors.
text: Ivan Malichenko, photo: hiswai