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Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services

Amy Liu

Summary: A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. The Shinhan Bank spokesperson stated that their upcoming crypto-related services are suitable for an area that “can make good use of ...

A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. The Shinhan Bank spokesperson stated that their upcoming crypto-related services are suitable for an area that “can make good use of banks’ compliance capabilities and custody experience.”

By Amy Liu

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