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Shinhan Bank Furthers Digital Transformation Plans, Joins Hedera Governing Council
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SEOUL, South Korea and DALLAS, April 13, 2021 /PRNewswire/ Shinhan Bank (KRX: 055550), the leading bank in South Korea, has joined the Hedera Governing Council, the body that oversees distributed governance of the Hedera network.
Shinhan Bank is a leader in leveraging distributed ledger technology (DLT) to drive financial innovation. In January of this year, Shinhan invested in Korea Digital Asset Custody (KDAC), an industry consortium of businesses that provide digital-asset custody service. In March, Shinhan completed a demonstration platform for central bank digital currencies (CBDCs), together with LG CNS.