KB Bank to Launch South Korea’s First Crypto Investment Fund

TokenInsight news, Kookmin Bank, South Korea's largest bank, has announced that it will launch South Korea's first cryptocurrency investment fund and is expected to include a type of crypto index and ETFs. The current plans are to launch a crypto investment index fund and a fund that utilizes an Outsourced Chief Investment Officer (OCIO), also referred to as outsourced investment management, in order to provide guarantees on principal investments. The OCIO fund may also be used in retirement pensions. It is said that the investment fund will be the first investment fund offered by a bank in Korea.