Cryptocurrency
South Korea’s biggest bank is set to launch crypto custody service
As The Block reports, “KB Kookmin, the largest bank in South Korea, is set to launch crypto custody service for assets such as bitcoin (BTC) and ether (ETH). “The bank has filed a trademark application for ‘KBDAC’ – KB Digital Asset Custody – with the Korean Intellectual Property Office, local news outlet Digital Today reported on […]
As The Block reports, “KB Kookmin, the largest bank in South Korea, is set to launch crypto custody service for assets such as bitcoin (BTC) and ether (ETH).
“The bank has filed a trademark application for ‘KBDAC’ – KB Digital Asset Custody – with the Korean Intellectual Property Office, local news outlet Digital Today reported on Friday.
“The application, filed on January 31, reportedly indicates that the bank could launch the service soon. A trademark application, in general, means that an entity has begun branding products and services and that much of the development work has been completed, per the report…”