South Korean financial broker is preparing to assess digital assets – Bits Media

Company Shinhan Investment & Securities announced the intention to create a joint venture with local cryptocurrency companies.

South Korean investment stock broker announced, that a specialized enterprise (Sp) will take the assessment of virtual assets. Company Already started the selection of staff. The list of official duties of SP employees includes support for blockchain technology, Preparation of reports on evaluating digital assets, Development of smart contracts and virtual asset trading systems, Exchange of virtual assets and NFT, Operations in metavseli and other innovative financial services. In addition, Employees will be attracted to drawing up business plans for partner companies.

Earlier, the head company Shinhan Financial Holding has submitted an application to South Korean supervisory authorities to obtain the right to a trademark for the Virtual Activa wallet “Shinhan Card My Remittance”. Technologically, a virtual asset wallet should be associated with the Shinhan Card payment system. The development of the project is entrusted to Shinhan Investment & Securities.

Earlier, Shinhan Bank invested funds in a joint project with KDAC (Korea Digital Asset Custody), industry consortium, providing cryptocurrency storage services. The bank also cooperates with one of the largest cryptocurrency exchanges in South Korea Korbit, Providing users of accounts for entering and withdrawing funds under a real name for transparent transactions.

This is not the first time, when companies, providing services for the stock market, Trying to enter the business of virtual assets. At the beginning of the year, the financial group Mirae Asset Group hired
employees to create a subsidiary, specializing in digital assets.