South-Korean banks are expanding their position in the region: one of the largest cooperative banks in the countryKookmin together with leading nationalThe blockchain company creates an organization for managing digital assets, which will store the bitcoins (BTC) of corporate clients, for example, the cryptocurrency.
B Kookmin is extremely interested inthe deployment of cryptocurrency storage services for institutional investors as long as the competitors do it. That is why some functions will be available already in the next month.
According to CNews, the company has made strategican investment in a new company called Korea Digital Asset (KODA), together with the Hashed blockchain accelerator and the company-developer Haechi Labs. The investment figures of all three sides are not indicated.
In December, KODA will launch a beta version of the service forcorporate clients. A representative of Kookmin Bank said that work will begin with the processing of digital assets of corporate clients, including crypto exchanges.
In the future, the KODA team will also developnew levels of functionality, in which case the project will function as its own trading platform for enterprises - B2B-bank of digital assets for cryptocurrencies At first, bitcoins will be supported, then ether (ETH) will be added.
The company plans to provide a wide range ofservices: spending of crypto assets, solutions for combating money laundering (AML), tools of tax and legal control and out-of-pocket business for commercial services
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