Hana Financial, SK Telecom buy shares in BitGo

Hana Financial Group and SK Telecom Co. acquired shares in BitGo Korea, the Korean unit of a global digital asset trust company, and decided to establish a strategic partnership.

Mike Belshe, CEO of BitGo, said on Tuesday at the Korea Blockchain Week 2024 held at the Grand Walkerhill Seoul in Gwangjang-dong, Seoul, that Hana Financial Group and SK Telecom have become major shareholders of BitGo Korea.

The acquired share percentages are 25% for Hana Financial Group and 10% for SK Telecom.

BitGo Korea assessed the strategic equity participation of Hana Financial Group and SK Telecom for the institutionalization of virtual assets.

"BitGo will actively introduce the technology and operational know-how it has accumulated in the global market to South Korea, contributing to the institutionalization of virtual assets," CEO of BitGo Korea Lee Young-ro said. 

Write to Hyeong-Gyo Seo at seogyo@hankyung.com