South Korea’s Hana Financial Group has signed a strategic agreement with Standard Chartered to collaborate on global financial services and digital assets.
The partnership spans investment banking, foreign exchange, money markets, and digital asset infrastructure. Hana Financial chairman Ham Young-joo stated the alliance will create new growth by leveraging both firms’ global networks and expertise in emerging financial technologies.
This move follows Hana’s recent partnerships with Circle and Crypto.com to pilot stablecoin-based payments for international visitors in South Korea-signaling its push to validate real-world stablecoin use cases.
Standard Chartered CEO Bill Winters called Korea a pivotal hub in Asia’s financial ecosystem and described the deal as a milestone for the bank’s global network. The partnership arrives as Standard Chartered prepares to receive stablecoin issuer approval in Hong Kong.