[Digital Today Reporter Hwang Chi-gyu] Digital asset custody company Korea Digital Asset Trust (hereinafter referred to as KDAC, CEO Joon-Hong Kim) and security data analysis specialist’S2WLAB’ (hereinafter referred to as S2WLAB, CEO Sang-deok Seo) and cryptocurrency consignment security enhancement cooperation It was announced on the 25th that it has signed a business agreement (MOU).
Based on this business agreement, the two companies plan to collaborate extensively in technology development and business expansion, such as joint planning, technology development, and global business cooperation for custody security technology.
KDAC is a joint venture with Shinhan Bank, Corbit, Blocko, and Fair Square Lab. It is a company that develops and operates digital asset custodial services. It has completed the establishment of a cold wallet solution for custody and an operational security system, and plans to develop its own hot wallet service and various application services, including decentralized finance (De-Fi).
S2WLAB is a security data analysis company that also provides dark web and cryptocurrency analysis information to Interpol. Corbitt is providing anti-money laundering solutions, and was selected as a security module supplier for the Clayton platform developed by Ground X, a subsidiary of Kakao blockchain.
KDAC CEO Kim Jun-hong said, “Digital asset consignment business is a service that increases trust and reduces risk. In order for cryptocurrency to become a financial infrastructure within the system, the consignee is responsible for providing safety to customers while providing security for society. Yes. To this end, the two companies will continue to cooperate.”
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.