Standard Chartered and Hana Financial signed an MoU to expand global cooperation, including stablecoins, custody services, and blockchain projects worldwide.
Hana Financial Group and Standard Chartered announced a new partnership to expand work in global finance and digital assets. The agreement includes cooperation in the stablecoins and blockchain services. Both companies said that the deal will help them compete in rapidly evolving financial markets.
Banks sign agreement to expand global finance and digital asset business
Hana Financial Group said in a statement that it signed a memorandum of understanding with Standard Chartered on Friday in Seoul. The ceremony was held at the headquarters of Hana Bank, located in the centre of Seoul. Hana Chairman Ham Young-joo, Standard Chartered CEO Bill Winters, were among the attendees at the event. Senior executives from both financial groups were also on hand during the signing.
Related Reading: Standard Chartered Holds $28 XRP Forecast Through 2030 | Live Bitcoin News
The aim of the agreement is combining the Global Network of both companies. Officials said this cooperation will help strengthen on their overseas markets. The banks intend to collaborate with one another in investment banking, foreign exchange and treasury services. They also agreed to examine new areas of business related to digital finance and blockchain technology.
Ham Young-joo said the partnership will make strong advantages in global finance. He explained that both companies have wide international networks and long experience. He has also said that future financial growth will come from new sectors. These sectors include digital assets, tokenization, and payment systems based on stablecoins.
Both sides discussed working together in new financial technologies. These technologies include digital asset custody, blockchain settlement and stablecoin services. Large banks are researching these tools because the way payments are conducted around the world is evolving rapidly.
Hana expands digital asset strategy with new global partnership
Hana Financial Group has introduced its digital finance strategy in several years. In 2023, Hana Bank joined forces with crypto custody company BitGo to offer custody services. These services enable institutions to securely store digital assets. The custody business is booming due to the growing number of banks going into the crypto business.
In 2024, Hana Bank, BitGo, and SK Telecom developed BitGo Korea. Hana Financial Group is a 25 percent owner of that venture. The project was created to provide secure crypto storage for companies and investors. This move indicated that Hana has the desire to be a leader in digital finance in South Korea.
The new deal with Standard Chartered is no exception to this strategy. Standard Chartered has also been active in blockchain and digital asset projects around the globe. The bank has operated on tokenization, digital payments, and custody services in various countries.
Hana Financial Group also produced good financial results recently. The company stated that its net profit for 2025 was approximately $2.67 billion, which is the company’s highest in its history. Strong earnings enable the group to invest more in technology in the future. As global banks move towards digital finance, partnerships such as this may define the next stage of the financial industry.
