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Korea's Biggest Bank Is Preparing to Custody Digital Assets

From coindesk.com

KB Kookmin, the largest bank in South Korea, is preparing launch a digital asset custody offering. According to a report from CoinDesk Korea, the institution is teaming up for the effort with blockchain startup Atomics Lab, with the two entities signing a strategic business agreement on June 10. Atomics Labs is developing a product called Lime that secures digital assets such as cryptocurrencies using secure MPC technology. Kookmin and Atomics Lab will develop digital asset custody services that combine Atomics Lab technology and KB Kookmin Bank’s internal control infrastructure and information ... (full story)

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  • Category: Fundamental Analysis