As per inews24, Shinhan bank made an announcement regarding the investment in the KDAC, a joint-venture custody company founded by a local crypto exchange, Korbit, blockchain firm Blocko and crypto researcher Fair Square Lab. One of the spokespeople for Shinhan bank stated that their new crypto-related services are meant for those who can make good use of banks’ compliance capabilities and custody experience.” The bank is one step ahead in terms of security for customers’ funds.