Shinhan Bank Signs Business Agreement with Digital Asset Evaluation Platform Xangle

Shinhan Bank and Xangle Collaborate on Developing Digital Asset Services within the Platform
Bridging Information Gaps on Virtual Assets and Fostering a Healthy Investment Culture

At the headquarters of Crossangle located in Gangnam-gu on the 26th, a business agreement ceremony was held for discovering digital-based services and promoting business cooperation. Jeon Pil-hwan, Vice President of Shinhan Bank (third from the left), Jung Sang-hoon, Head of Shinhan Capital (first from the left), Kim Jun-woo, Co-CEO of Crossangle (second from the left), and Lee Hyun-woo, Co-CEO, are posing for a commemorative photo.

[Asia Economy Reporter Song Hwajeong] Shinhan Bank announced on the 27th that it has signed a business agreement to strengthen strategic equity investment and business cooperation with CrossAngle, the operator of 'Xangle,' which provides digital asset disclosure and evaluation information.

The signing ceremony held at CrossAngle's headquarters yesterday was attended by Jeon Pilhwan, Head of Digital Strategy Group at Shinhan Bank, Jeong Sanghoon, Head of SI Finance Division at Shinhan Capital, Lee Hyunwoo, Co-CEO of CrossAngle, and Kim Junwoo, Co-CEO of CrossAngle.

CrossAngle is the operator of Xangle, the only domestic virtual asset evaluation and disclosure platform. Based on data analysis from over 70 global digital asset exchanges including Bithumb, Korbit, Coinone, and Huobi, as well as more than 3,000 virtual asset issuers (projects), it is a platform company that publicly builds virtual asset information.

This agreement was made alongside the investment from Shinhan Financial Group’s digital strategic investment fund 'One Shinhan Connect New Technology Investment Association No.1,' managed by Shinhan Capital. Through this cooperation, Shinhan Bank plans to enable customers to easily access high-quality virtual asset information, thereby reducing information gaps and fostering a sound investment culture.

Shinhan Bank and CrossAngle will jointly carry out projects such as ▲development and promotion of digital asset-related services within both companies’ platforms ▲development of new services combining financial and digital asset data ▲mutual cooperation in discovering and promoting businesses with blockchain companies possessing innovative technologies.

A Shinhan Bank official stated, "We will continue to discover new business models by making efforts to find excellent blockchain technology companies," and added, "Through cooperation between the two companies, we plan to provide new customer experiences by practicing Shinhan Financial Group’s vision of 'Easier, More Comfortable, and Newer Finance.'"