Launch of "Hana Gold Trust" for Disposing of Gold at Reasonable Prices
"Hana Gold Trust (Operation)" to Be Released in August, Enabling Both Physical Gold Storage and Investment Returns
Hana Bank signed an agreement with Korea Gold Exchange Digital Asset in June and launched a service that enables the securitization of physical gold using trusts.
Although gold has long been regarded as both a safe asset and an investment asset, most holders of physical gold simply keep it at home with vague expectations that its price will rise further, without actively utilizing it.
Hana Bank's "Physical Gold Trust" service was developed with this issue in mind, aiming to create ways for customers to generate returns by circulating their physical gold in the market. As a result, in June, the bank launched "Hana Gold Trust," which allows customers to safely dispose of their physical gold through the bank.
Furthermore, in August, the bank plans to introduce "Hana Gold Trust (Operation)," a product that allows customers to generate returns by having their physical gold managed.
Through these services, Hana Bank aims to help customers generate returns from gold, which would otherwise be a non-earning asset, and to contribute to consumption stimulation and economic revitalization by facilitating the circulation of highly liquid physical gold in the capital market.
"Hana Gold Trust," which enables customers to quickly and safely dispose of physical gold, is currently being piloted at Hana Bank's Seocho Financial Center and Business Department 1 branches. Customers can visit these pilot branches, sign a trust agreement with Hana Bank, and deposit their physical gold. The appraisal results provided by Korea Gold Exchange Digital Asset are then delivered via mobile web.
After reviewing the appraisal results, customers can decide whether to dispose of their physical gold and can do so at a reasonable price through a fair and transparent process.
Hana Bank plans to gradually expand "Hana Gold Trust" to all branches after completing the pilot phase.
"Hana Gold Trust (Operation)," scheduled for launch in August, is already receiving enthusiastic responses even before its official release. In fact, the two Hana Bank branches piloting the physical gold trust service are handling an average of about 30 consultations per day.
With "Hana Gold Trust (Operation)," customers can deposit their physical gold with the bank, have it managed for a certain period, and receive both the physical gold and the generated returns at maturity. The product is set to launch next month, and customers can not only reduce the risk of loss and the burden of storage by entrusting their gold to the bank, but also generate stable returns through professional management and receive their physical gold back at maturity, enjoying a triple benefit.
A representative from Hana Bank's Trust Division stated, "By introducing the 'Physical Gold Trust' product, the first of its kind in the financial sector, we expect not only to differentiate the customer experience but also to contribute to economic revitalization by promoting a virtuous cycle for physical gold." The representative added, "We will continue to provide customized trust products that innovate the market by linking various physical assets with financial solutions."
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