Korea’s Largest Bank KB Kookmin Will Custody Digital Assets

WOW! Just like Brad Garlinghouse told us – banks will hold digital assets! Just today we get news out of Korea, that the largest bank KB Kookmin with custody digital assets. KB Kookmin, the largest bank in South Korea, is preparing to launch a digital asset custody offering.

Straight from The Crypto Report about 30minutes ago (9am est) KB Koikmin bank is teaming up with Atomrigs Lab as of June 10th to develop a product called Lime that secures digital assets. Kookmin Bank and Atomrigs Lab will develop a digital asset custody service that will combine Atomrigs Lab technology and KB Kookmin Bank’s internal control system. History has been made as to our knowledge KB Kookin is the first bank that will hold digital assets. This can open the flood gates to follow in there path.

KB Kookmin Bank or KB is among the four largest banks ranked by asset value in South Korea at the end of March 2014. KB Kookmin is the largest among banks in Korea and the 60th largest in the world by 2017

More news to follow………..