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South Korea’s Kookmin Bank To Launch The Country’s First Crypto Investment Fund
Summary: South Korea’s largest commercial bank, Kookmin Bank, plans to launch the country’s first crypto investment fund, according to an official announcement. The bank announced on Monday the formation of a digital asset management committee aimed at launching crypto exchange-traded funds (ETFs) and related products as soon as the country’s regulations allow. Hong-Gom Kim, head of ...
South Korea’s largest commercial bank, Kookmin Bank, plans to launch the country’s first crypto investment fund, according to an official announcement.
The bank announced on Monday the formation of a digital asset management committee aimed at launching crypto exchange-traded funds (ETFs) and related products as soon as the country’s regulations allow.
Hong-Gom Kim, head of index quantitative management at Kookmin Bank, said: "We will launch a virtual asset-themed equity fund as soon as possible, and plan to hold virtual asset conferences and publish journals for clients."
In addition to the crypto index development fund, the bank said it is also looking into the possibility of a hybrid fund that combines crypto with traditional assets.
By Mary Liu
Tags: ETF,Kookmin Bank,South Korea
Link: South Korea’s Kookmin Bank To Launch The Country’s First Crypto Investment Fund [Copy]
