Crypto
Sh Suhyup Bank secures 14.95% stake in Infiniteblock to expand digital asset business
Sh Suhyup Bank has secured a 14.95% stake in South Korean digital asset custodian Infiniteblock and will seek new businesses related to digital assets. The bank said it signed a strategic partnership agreement at its headquarters in Seoul, attended by CEO Shin Hak-gi (신학기) and Infiniteblock CEO Jung Gyu-tae (정규태). The investment makes Suhyup Bank a joint second-largest shareholder. The firms plan cooperation on new business models and blockchain-based technology.
