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Major Korean Bank to Offer Cryptocurrency Custody Services

The large South Korean bank KB Kookmin Bank plans to launch a cryptocurrency custodial service for its clients. The new feature will be available after a partnership with the blockchain venture fund Hashed, the digital asset trading platform Cumberland Korea, and the smart contract security audit firm – Haechi Labs. Crypto Custody For KB Kookmin Bank Clients The blockchain-based fund revealed the new partnership in a recent announcement, which will aim to enhance the “emerging market for digital assets in South Korea.” The collaboration “entails managing and storing digital assets, advocating for optimal regulatory developments, and transforming the traditional financial…

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Bitcoin Suisse Raised $50M To Enhance Current Operations And Launch An STO

Switzerland-based digital asset service company Bitcoin Suisse has successfully raised nearly $50 million in a Series A financing round. The company plans to utilize the funds to enhance its staking services and custodial solutions before initiating an STO. Bitcoin Suisse Raises $50M As CryptoPotato reported in May, Bitcoin Suisse AG planned to hold new funding round to raise about CHF 45 million ($48 million). Earlier today, the Swiss organization announced the successful completion of the financing round, which has pushed the firm’s total valuation to over CHF 300 million (approximately $327 million). Roger Studer, former Head of Investment of the…

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