- Hana Financial partners Standard Chartered to explore global digital asset opportunities
- Major banks deepen collaboration around cryptocurrencies, custody services, and stablecoin development
- Institutional finance accelerates digital asset expansion across Asia and global markets
Institutional interest in digital assets continues to expand as global banks explore blockchain-based financial infrastructure and cryptocurrency-related services across international markets. Hana Financial Group and Standard Chartered have now taken another step toward that direction through a newly signed cooperation agreement focused on future financial sectors.
According to multiple local media reports, Hana Financial Group recently signed a memorandum of understanding with Standard Chartered Group aimed at strengthening collaboration across several strategic financial initiatives. Besides expanding cooperation in traditional finance, both institutions reportedly discussed projects involving cryptocurrencies and stablecoins within the broader digital finance ecosystem.
Ham Young-joo, chairman of Hana Financial Group, stated that the partnership could create additional growth opportunities through cooperation in digital assets and other emerging financial sectors. Moreover, both companies intend to combine their international networks and operational expertise to expand their presence within global financial markets.
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Global Banks Increase Focus on Digital Asset Infrastructure
The partnership reflects a wider trend among major financial institutions that are increasingly exploring blockchain-based financial services and cryptocurrency-related infrastructure. Standard Chartered has gradually expanded its involvement in digital assets as institutional demand continues rising across global financial markets.
During 2025, the bank introduced spot Bitcoin and Ethereum trading services designed specifically for institutional investors seeking regulated cryptocurrency exposure. Additionally, Standard Chartered operates digital asset custody platforms serving clients across both European and Asian financial markets.
Recent reports also indicate that the bank could become one of the earliest recipients of Hong Kong’s stablecoin issuer licenses. Such regulatory approval would allow the institution to participate directly in blockchain-based payment networks and stablecoin issuance frameworks.
Hana Financial Group Expands Crypto Custody Strategy
Hana Financial Group has also taken several steps in recent years to establish its position within the growing digital asset custody market. In 2023, Hana Bank partnered with cryptocurrency custody provider BitGo to develop a secure infrastructure designed for institutional digital asset storage.
Additionally, the collaboration expanded during 2024 through the creation of BitGo Korea, which involved Hana Bank, BitGo, and telecommunications company SK Telecom. Hana Financial Group currently owns a 25 percent stake in the BitGo Korea venture, allowing the company to participate directly in the country’s emerging custody market.
Strong Financial Performance Supports Expansion
Financial results reported by Hana Financial Group indicate a strong capacity to pursue further initiatives within the digital finance sector. The institution recorded annualized net income exceeding four trillion Korean won during 2025, representing its highest annual performance on record. Based on current exchange rates, that figure equals approximately $2.67 billion in annual profit.
Consequently, the group maintains substantial financial resources that could support future investments within digital finance infrastructure. Cooperation between Hana Financial Group and Standard Chartered reflects growing institutional engagement with digital assets as traditional banks continue integrating blockchain-based financial services into their global operations.
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