TechFlow News, March 16: According to The Block, South Korea’s major financial conglomerate Hana Financial Group has signed a memorandum of understanding (MoU) with Standard Chartered Group to collaborate in the digital assets space, including stablecoin and other digital finance initiatives.
As reported by multiple local Korean media outlets, 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. Ham Young-joo, Chairman of Hana Financial Group, stated that the partnership will generate new growth opportunities through synergies in future-oriented financial areas such as digital assets.
Hana Financial Group has been actively advancing its digital finance strategy in recent years. In 2023, its subsidiary Hana Bank partnered with cryptocurrency custody provider BitGo to launch its proprietary cryptocurrency custody service. In 2024, Hana Bank, BitGo, and South Korea’s telecommunications giant SK Telecom jointly established BitGo Korea, with Hana holding a 25% equity stake. Notably, Hana Financial Group’s net profit for 2025 reached a record high, amounting to approximately $2.67 billion.
