One of the four largest banks in South Korea, Kookmin Bank announced the launch of a cryptocurrency custodial service in cooperation with Atomrigs Lab. It is reported by CoinDesk Korea .

According to the publication, the parties to the agreement will study the technology of protecting digital assets and methods of applying smart contracts.

It is assumed that the new service for managing digital assets will be a combination of Atomrigs Lab technology and Kookmin Bank's own infrastructure. The company also plans to create a system for combining the blockchain and traditional finance spheres.

“We hope that our companies will grow together, opening up innovative services in the field of digital asset management under this agreement. We will expand the digital ecosystem through cooperation, ”said a Kookmin Bank representative.

Experts suggest that launching the service for a wide range of users may take several months.

Recall that in late March, the manufacturer of hardware wallets Ledger entered into a partnership with the Hong Kong trust company Legacy Trust to launch an institutional-level cryptographic solution .

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