NH Nonghyup Bank invests in digital asset custody companies.

NH Nonghyup Bank announced on the 27th that it has made a strategic equity investment in Cardo, a company specializing in digital asset custody (storage management).

A company official said, "We cannot disclose the investment ratio, but it is less than 15%," adding, "We are not the largest shareholder.".

The equity investment was joined by three companies, Galaxia Moneytree, Korea Information and Communication and Hexlant, which signed a "Business Agreement for Mutual Cooperation in Digital Asset Business" with Nonghyup Bank in July, and Aton, a fintech security company.

Cardo is a study company that provides infrastructure that can trust and entrust digital assets. It recently obtained ISMS certification and is about to launch related services.

Reporter Lee Ji-sun stockmk2020@gmail.com