Woori Financial Group, one of South Korea’s largest banking companies, is getting into digital asset custody. According to a report in The Korea Economic Daily, the bank is setting up a custody joint venture with Coinplug, one of the earliest bitcoin exchanges in South Korea and a blockchain financial services provider.
Coinplug will be the largest shareholder in the joint venture with Woori Bank, which will be the second largest shareholder, the report said. Custody allows Korean firms to invest in crypto without having to touch the asset themselves.
Another Large Bank in South Korea to Provide Custody of Crypto Assets, CoinDesk, Jul 12
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies