Odaily Planet Daily report: South Korea’s major financial group, Hana Financial Group, has signed a memorandum of cooperation with Standard Chartered, with plans to collaborate in the digital assets sector.
Reports indicate that the two institutions will combine their financial networks and industry expertise to explore new business opportunities in both traditional and digital finance, including collaborative projects related to cryptocurrencies such as stablecoins. Ham Young-joo, Chairman of Hana Financial Group, stated that the two parties will create new growth opportunities through synergistic collaboration in future financial areas such as digital assets.
In recent years, Asia Financial Group has consistently expanded its digital asset business. In 2023, Asia Bank partnered with the crypto custody provider BitGo to develop crypto custody services, and subsequently co-founded BitGo Korea with SK Telecom, holding approximately 25% of the stake. Meanwhile, Standard Chartered Group is also accelerating its digital asset initiatives, having already offered spot trading services for Bitcoin and Ethereum to institutional clients, and providing digital asset custody services in Europe and Asia. (The Block)