Banking & Finance
Hana Financial, SK Telecom buy shares in BitGo
Acquisition of shares in a digital asset trust firm is part of efforts to institutionalize virtual assets
By 3 HOURS AGO
1
Min read
Most Read
High-performance 4680 battery war is on; LG Energy takes lead over rivals
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Korea Investment, Sinar Mas to build data center in Indonesia
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
HYBE replaces ADOR CEO; Ex-CEO Min barks at sacking
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Yanolja's Nasdaq IPO plan hit by Qoo10's liquidity turmoil
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Hana Financial Group and SK Telecom Co. acquired shares in BitGo Korea, the Korean unit of a global digital asset trust company, and decided to establish a strategic partnership.
![Hana Financial, SK Telecom buy shares in BitGo](https://www.kedglobal.com/data/ked/image/2024/09/03/ked202409030021.600x.0.jpg)
Mike Belshe, CEO of BitGo, said on Tuesday at the Korea Blockchain Week 2024 held at the Grand Walkerhill Seoul in Gwangjang-dong, Seoul, that Hana Financial Group and SK Telecom have become major shareholders of BitGo Korea.
The acquired share percentages are 25% for Hana Financial Group and 10% for SK Telecom.
BitGo Korea assessed the strategic equity participation of Hana Financial Group and SK Telecom for the institutionalization of virtual assets.
"BitGo will actively introduce the technology and operational know-how it has accumulated in the global market to South Korea, contributing to the institutionalization of virtual assets," CEO of BitGo Korea Lee Young-ro said.
Write to Hyeong-Gyo Seo at seogyo@hankyung.com
More to Read
-
Banking & FinanceHana Financial mulls non-banking M&As for growth: CEO
Jul 12, 2024 (Gmt+09:00)
2 Min read -
MetaverseNetmarble, Hana Financial team up for metaverse service
Sep 04, 2023 (Gmt+09:00)
1 Min read -
Korean startupsSK Telecom, Hana Financial Group jointly nurture AI startups
Jul 12, 2023 (Gmt+09:00)
1 Min read -
FintechS.Korea's Mirae Asset, Hana Financial Group form security token tie-up
Jun 01, 2023 (Gmt+09:00)
1 Min read -
Corporate strategySK, Hana Financial groups to jointly develop credit rating model
May 17, 2023 (Gmt+09:00)
1 Min read
Comment 0
LOG IN