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

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

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.