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August 13, 2022
Finance Technologies

KB Kookmin continues crypto custody development with new partners

South Korean bank KB Kookmin has teamed up with crypto trading firm Cumberland Korea and blockchain venture fund Hashed. KB Kookmin filed a patent for its new crypto custody service in January The partnership is a step towards the bank launching cryptocurrency custody services. The new collaboration focuses on securing and managing digital assets, lobbying regulatory bodies, and developing the legacy financial system. Jin Kang, legal and compliance officer at Hashed, writes in a blog post that KB Kookmin anticipates not just cryptocurrency, but real estate and artwork trading on blockchain platforms. South Korea amended its Act on Reporting and…
KB Kookmin continues crypto custody development with new partners

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