Hana Financial forms alliance with Standard Chartered…targets digital assets

Source

Korea Economic Daily

Summary

Hana Financial Group said it has signed a memorandum of understanding with Standard Chartered (SC) to cooperate in global business and digital-asset initiatives.
Hana Financial said the agreement will strengthen competitiveness by combining its overseas sales network and financial-business capabilities, and that it plans to work with SC in corporate finance, foreign exchange, and digital assets.
SC said it is expanding related businesses in multiple countries, including operating digital-asset custody services in the Middle East and Europe.

Forecast Trend Report by Period

Global and digital-asset MoU

Hana Financial Group said on the 15th that it has signed a memorandum of understanding with global investment bank Standard Chartered (SC) to cooperate in global business and digital-asset initiatives.

Through the agreement, Hana Financial plans to strengthen its competitiveness by combining its overseas sales network with its financial-business capabilities. Going forward, the group will work with SC across a range of areas including corporate finance, foreign exchange and digital assets. SC has been expanding related businesses in multiple countries, including operating digital-asset custody services in the Middle East and Europe.

Hana Financial Chairman Ham Young-joo said, “The partnership combining both companies’ broad global networks and diverse financial know-how will be a strong source of competitiveness in the global financial arena,” adding, “We will create new growth opportunities by generating synergies in future financial domains, including digital assets.”

Reporter Jang Hyun-joo blacksea@hankyung.com