Woori Financial Group to provide crypto custody services

One of the biggest financial institutions in South Korea – Woori Financial Group – will start offering crypto custody services to its clients. Its banking unit – Woori Bank – will launch the initiative in a partnership with the fintech solutions provider, Coinplug Inc.

The project, named D-Custody, will be incorporated this month. Coinplug will be the main shareholder, while Woori Bank will have less input.

“In overseas markets, the digital asset custody has become a successful, established practice among the new services offered by the banks.” – commented an official from the bank.

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