South Korea's Hana Financial Group and Standard Chartered Sign Cooperation Memorandum to Jointly Develop Digital Asset Business

DeepFlowTech

2026-03-16 08:36:39

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Deep Tide TechFlow News, March 16 — According to The Block, South Korea’s major financial group Hana Financial Group has signed a memorandum of understanding with Standard Chartered Group to collaborate in the digital asset sector, covering digital financial services such as stablecoins.

According to multiple local media reports in South Korea, the two institutions plan to integrate their respective expertise and network resources to jointly expand their global presence in traditional finance and explore joint ventures related to cryptocurrencies. Hana Financial Group Chairman Ham Young-joo stated that both parties will create new growth opportunities through synergies in future financial areas such as digital assets.

Hana Financial Group has been continuously advancing its digital finance strategy in recent years. In 2023, its Hana Bank partnered with cryptocurrency custody provider BitGo to establish its own cryptocurrency custody service; in 2024, Hana Bank, BitGo, and South Korea’s telecom giant SK Telecom jointly founded BitGo Korea, with Hana holding a 25% stake in the company. It is reported that Hana Financial Group’s net profit in 2025 reached a record high of approximately $2.67 billion.

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