1 year ago
KOREA BLOCKCHAIN WEEK, SEOUL — BitGo, a crypto custodian based successful California, has signed a strategical concern statement with South Korean commercialized slope Hana Bank, BitGo said astatine Korea Blockchain Week connected Tuesday.
The woody covers information solutions, tech tie-ups and a imaginable associated venture, Korea Economic Daily reported. BitGo volition assistance Hana Bank successful the improvement of custody services successful the 2nd fractional connected 2024, according to a Forkast report.
The announcement comes 3 weeks aft BitGo raised $100 million astatine a valuation of $1.75 billion.
Hana Bank has $448 cardinal successful assets nether management and has shown involvement successful integer assets successful the past, with reports stating that the slope is “actively participating” successful the Bank of Korea's ongoing cardinal slope integer currency (CBDC) Proof of Concept project.
BitGo besides plans to unfastened an bureau successful Korea successful the 2nd fractional of adjacent twelvemonth aft preparing indispensable licenses to abide by section regulations.
Neither BitGo oregon Hana Bank instantly responded to CoinDesk's petition for comment.
Edited by Sheldon Reback.
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