Korea’s Shinhan Bank makes strategic investment in crypto custody consortium

Cointelegraph

Published Jan 11, 2021 08:14AM ET

Updated Jan 11, 2021 10:00AM ET

Shinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital-asset custody services with a new investment.

According to a Thursday report by news agency Yonhap, Shinhan Bank has invested in Korea Digital Asset Trust, or KDAC, an industry consortium of businesses that provide digital-asset custody. The initiative was launched by Korbit in collaboration with blockchain startup Blocko and digital-asset research company Fair Square Lab.

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