Seoul, South Korea, November 7, 2022 /PRNewswire/ — wave bridge has signed a Memorandum of Understanding (MoU) with KB Financial Group, a major South Korean financial holding company, on a strategic partnership to jointly build a digital asset ecosystem.

Under the terms of the agreement, the two parties will seek close cooperation to improve the global competitiveness of digital asset businesses and work together to proactively respond to changes in the digital asset market environment, such as: g. regulatory trends.

Accordingly, Wavebridge will increase cooperation with several units of the KB Financial Group.

With KB Kookmin Bank, the group’s banking subsidiary, the two will drive progress in the advancement of KB’s AI asset analysis platform, “KB DAM (Digital Asset Management),” and in the development of digital asset infrastructure based on the expertise from Wavebridge in the field of digital asset data.

Together with KB Securities, the two companies plan to expand the digital asset financial services segment by manufacturing index-based digital asset products and developing a client wealth management model leveraging algorithmic trading strategies. Also, together they will design a system that can protect investors from information asymmetries between organizations and customers. These efforts include the publication of valuation reports for major digital assets in the form of research papers by investment firms to provide quality information to investors.

Finally, Wavebridge and KB Asset Management will join forces to strengthen their global operations through NEOS, Wavebridge’s US-based asset manager. Through NEOS, they will promote the listing of KB’s ETFs (Exchange-Traded Funds) overseas and jointly develop global digital asset products.

“It really makes sense to partner with KB Financial Group to build a digital asset ecosystem and create a safe investment environment for investors. Wavebridge will continue to lead the domestic financial market for digital assets and bring the entire industry a leap forward.” …