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 Sep 03, 2024 (Gmt+09:00)
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![Hana Financial, SK Telecom buy shares in BitGo](https://www.kedglobal.com/data/ked/image/2024/09/03/ked202409030021.600x.0.jpg)
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.
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.
![Hana Financial, SK Telecom buy shares in BitGo](https://www.kedglobal.com/data/ked/image/2024/09/04/ked202409040011.700x.0.png)
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
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