South Korea’s Kookmin Bank to launch crypto investment fund

South Korea’s Kookmin Bank announced on February 21st, that it has formed a Digital Asset Management Preparatory Committee which will look into creating a cryptocurrency ETF for retail investors.
The committee will operate under the bank’s KB Asset Management’s Index Quant Management Division.
The lender also aims to launch a digital asset equity fund, according to Hong-gon Kim, head of KB Asset Management’s Index Quant Management Division.
“We will launch a virtual asset-themed stock fund, etc., as soon as possible. We will also publish periodicals.”
The Committee will initially conduct research into both domestic and foreign digital asset markets. It will also work on the development of an AI-based investment strategy for digital asset product launches.
KB intends to launch the new products as soon as possible, considering the speed of adoption across the world, but has to ensure its products comply with relevant regulations.
KB said in its statement that its glo

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