Hana Financial Partners with Standard Chartered to Expand Digital Asset Initiatives
Hana Financial Group, one of South Korea’s largest financial conglomerates, has partnered with the UK-based Standard Chartered Group to collaborate on finance and digital asset initiatives, according to Yonhap News.
The agreement, announced Sunday, covers cooperation across global financial sectors, including investment banking, money markets, foreign exchange, and digital assets. Hana Financial chairman Ham Young-joo said the partnership aims to create new growth opportunities by leveraging synergies in emerging financial areas such as digital assets.
Expanding Digital Finance Efforts
The collaboration with Standard Chartered builds on Hana Financial’s recent efforts in the digital asset space. On March 5, the group partnered with USDC issuer Circle and major US crypto exchange Crypto.com to promote stablecoin-based payments for foreign visitors in South Korea. Hana Financial emphasized that the initiative seeks to validate stablecoins’ growth potential as a practical payment tool while expanding cooperation with global digital asset operators.
Standard Chartered Strengthens Presence in Asia
Bill Winters, CEO of Standard Chartered, highlighted the strategic importance of the partnership for Asia. “Korea is a key hub of the Asian financial market, and cooperation with Hana Financial Group, which is strong in global markets, will be an important milestone for our global network business,” he said.
Additionally, Standard Chartered is reported to be one of at least two firms expected to receive stablecoin issuer approvals in Hong Kong later this month, further expanding its presence in the Asian digital asset market.
