Hana Bank, a major South Korean commercial bank, has partnered with Uprise, a local crypto investment service provider, in a move to expand its presence in the country’s virtual asset market.

The two companies will work together on building financial business models and a safe investment culture regarding virtual assets in response to the rapidly growing market.

Uprise is a startup founded in 2018 and has so far raised a total of KRW 46 billion (US$ 37 million) from external investments.  

Several commercial banks in Korea have been busy getting into the crypto market in recent months. While there is yet to be a bank that directly offers crypto products and services, many are forming partnerships with firms in the crypto industry and indirectly providing services, such as opening corporate bank accounts that may be registered to a local crypto exchange.

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#Hana Bank #Uprise
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