#CryptoUpdate : Korea_s virtual asset industry is preparing behind the scenes for institutional market entry. Golden Finance reports that the South Korean virtualasset industry is preparing behind the scenes for institutional market entry. Currently Korean authorities prohibit financial firms from storing and investing in #virtualassets through shadow regulation, but the strategy is to continue when the market opens in the future. Industry sources revealed on the 22nd that KB National Bank has partnered with Haechi Labs and Hashed to form a joint venture company, Korea DigitalAsset (KODA). Shinhan Bank and NH Nonghyup Bank have strategically invested in KDAC and Cardo, respectively. Consignment business is a service used by financial institutions to store and manage customers_ #financialassets in the traditional financial sector. Institutions that handle large amounts of money hold their assets in custody to protect against risks such as theft. When institutions formally enter the virtual asset market, consignment work is expected to become an essential service.