NH NongHyup Bank is strengthening security for its digital asset services and building a technology verification system.

NH NongHyup Bank said on May 14 it signed a memorandum of understanding with the Financial Security Institute on technology verification and security reinforcement for digital asset services.

It is the first time a bank has signed an agreement with the Financial Security Institute to verify technology and strengthen security related to digital asset services.

Under the agreement, the two sides plan to cooperate on security checks and security verification for digital asset services, information sharing to build a safe operating environment, and reviewing whether technology verification results can be applied to business operations.

The bank said it aims to raise the overall security level of digital asset services and lay the groundwork for financial consumers to use the services with confidence.

Park Sang-won (박상원), head of the Financial Security Institute, said, "Digital assets require not only technological innovation but also trust," and added, "We will support digital asset services so they can take root stably in the financial sector through security checks and technology verification."

Kang Tae-young (강태영), head of NH NongHyup Bank, said, "In the era of digital assets, security is an essential element," and added, "Based on cooperation with the Financial Security Institute, we will build digital asset services that customers can trust."