Which Major Korean Bank going into blockchain and cryptocurrency business?

According to D'Street (dstreet.io), KB (Kookmin Bank), which recently announced its entry into the cryptocurrency custodial market, suggested the possibility of linking decentralized finance (DeFi) to its business in the future.

At 'THE CONFERENCE 2020' co-hosted by D'street and Blockcrafters on the 27th, Cho Jin-seok, head of the IT Technology Innovation Center, KB (Kookmin Bank), presented a session on 'Digital Assets and DeFi from the Financial Industry'. “I think that if the existing traditional financial sector in the institutional sector covers the DeFi service, which is insufficient, the risks of DeFi can be covered.” Banks provide collateral loans.”

In fact, there is a possibility that the DeFi service will be linked to the KODA (Korae Digital Asset) project conducted by Kookmin Bank in the future as the hashed will become a link. KODA is that comprehensive digital asset management company, was established with Hashed, a blockchain investor, and declared to enter the cryptocurrency custodial market.

Do you think ​Kookmin Bank will be the first bank going into cryptocurrency market?

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