BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank

BitGo, a California-based crypto custodian, has signed a strategic agreement with South Korean commercial bank Hana Bank to develop custody services and explore potential joint ventures in the blockchain industry.

coindesk.com

Relevant topic timeline:

9/5/2023

South Korean Hana Bank enters crypto custody business with BitGo

KEB Hana Bank and BitGo are partnering to launch a joint cryptocurrency custody venture in the second half of 2024, aiming to strengthen trust and enhance security in the South Korean digital asset market.

9/8/2023

Coinbase and Marathon See Mixed Fortunes as Crypto Adoption Advances

Crypto giant Coinbase has launched a lending platform for institutional investors in the US, aiming to fill the gap left by bankrupt players in the crypto lending market, while Marathon Digital's Bitcoin mining rate fell 9% in August due to increased curtailment activity, and Hana Bank has partnered with BitGo to offer digital asset custody services in South Korea.

9/15/2023

BitGo and Swan Partner to Launch U.S.'s First Bitcoin-Only Trust Company

BitGo and Swan are planning to create a Bitcoin-only trust company, combining BitGo's custody capabilities with Swan's expertise, in order to offer custody without exposure to the rest of the digital asset market.