Hana, SK Telecom acquire BitGo shares as part of strategic partnership
Published: 03 Sep. 2024, 18:38
![Hana Financial Group's headquarters in central Seoul [Yonhap]](https://koreajoongangdaily.joins.com/data/photo/2024/09/03/97a97924-2ff6-4a8c-a5b5-8411b1a2970d.jpg)
Hana Financial Group's headquarters in central Seoul [Yonhap]
Hana Financial Group and SK Telecom have acquired shares in BitGo’s Korean branch as part of a strategic partnership, the chief executive of the U.S. digital asset trust company said Tuesday.
Hana Financial, a major banking conglomerate in Korea, purchased a 25 percent stake in BitGo Korea, while telecommunications giant SK Telecom acquired a 10 percent stake, according to Mike Belshe, co-founder and CEO of BitGo.
Belshe made the announcement during the Korea Blockchain Week event held in Seoul.
BitGo Korea said the strategic partnership with Hana Financial and SK Telecom will help the company contribute to the institutionalization of the crypto market here.
Yonhap
with the Korea JoongAng Daily
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