Korea Investment & Securities, stake in Coinone 20 stake investment to enter the exchange
Korea Investment & Securities invested in Coinone for a stake of 20 to become the largest shareholder. Reports say securities firms’ investments in cryptoasset exchanges are expanding amid signs of financial regulatory easing.3Reports say securities firms’ investments in cryptoasset exchanges are expanding amid signs of financial regulatory easing.
![Korea Investment & Securities enters the exchange with a 20 stake investment]/blog-images/gen-77d06950-5852-46bb-b619-4d8114cd8091.jpg)
As signs of easing in the “separation of finance and non-finance” regulation have emerged recently, discussions about securities firms investing in cryptoasset exchanges have increased. Some securities firms are considering acquiring stakes in exchanges and pursuing strategic partnerships, or have signed agreements. Related industry sources said that reviews of business structures are under way in response to regulatory changes.
Korea Investment & Securities 29announced that it had signed a strategic equity investment agreement with Coinone, a cryptoasset exchange. Korea Investment & Securities invested 20 of the stake in Coinone to become the largest shareholder. The company described the agreement as a strategic equity investment.3 of the stake in Coinone to become the largest shareholder. The company described the agreement as a strategic equity investment.
Reports say securities firms’ participation in exchanges is increasing across the financial sector. The specific scale of acquisitions and investments, and any future changes in ownership structures, vary according to each company’s disclosures and agreements. An industry source said regulatory compliance and business model reviews are proceeding in parallel.
Meanwhile, news of service expansions continued in the banking sector. KB Kookmin Bank 29announced that it had introduced an electronic Braille service in key personal internet banking menus on the day. The bank said the measure was intended to make internet banking more convenient for customers with visual impairments.
Shinhan Bank, together with Seobuk and Shinhan Card, signed a mutual-growth finance support agreement related to card payments for supplies delivered to merchants. It said the agreement includes support for payment and cash-flow needs at small and midsize merchants. The stated aim was to link financial services to support small business owners.
The Korea Federation of Micro Enterprise and the Korea Certified Public Labor Attorneys Association signed a memorandum of understanding to establish a business safety net for small business owners and improve working conditions. The two organizations pledged to cooperate on business stability for small business owners and improvements to working conditions. They said the agreement includes consultation, education, and institutional support.