Hana Financial Group and Standard Chartered Sign MoU for Digital Asset Collaboration

According to The Block, South Korea’s large financial group Hana Financial Group has signed a memorandum of understanding with Standard Chartered Group to collaborate in the digital assets sector, covering digital financial services such as stablecoins. According to multiple local Korean media reports, the two institutions plan to integrate their respective expertise and network resources to jointly expand their global presence in traditional finance and explore joint business opportunities related to cryptocurrencies. Ham Young-joo, Chairman of Hana Financial Group, stated that the partnership will create new growth opportunities through synergies in future financial areas such as digital assets. In recent years, Hana Financial Group has steadily advanced its digital finance initiatives. In 2023, its subsidiary Hana Bank partnered with the cryptocurrency custodian BitGo to establish its own cryptocurrency custody service. In 2024, Hana Bank, BitGo, and South Korea’s telecommunications giant SK Telecom jointly founded BitGo Korea, with Hana holding a 25% stake in the company. It is reported that Hana Financial Group achieved a record-high net profit in 2025, equivalent to approximately $2.67 billion.