KB Asset Management Accelerates Preparation for Launching 'Digital Asset Fund'

KB Asset Management Launches Digital Asset Management Preparation Committee

[Asia Economy Reporter Hwang Junho] KB Asset Management launched the Digital Asset Management Preparatory Committee on the 21st to swiftly release products following the relaxation of domestic regulations related to virtual assets.

The committee was formed mainly by the Index Quantitative Management Headquarters, with team leader-level personnel selected from nine departments including product, compliance, risk, and strategy. The goal is to proactively launch related products through research on domestic and international digital asset markets.

Kim Hong-gon, Head of the Index Quantitative Management Headquarters at KB Asset Management, explained, "We will release sub-funds composed of ETFs investing in virtual asset spot and futures markets, as well as virtual asset-themed equity funds as soon as possible," adding, "We also plan to hold virtual asset conferences for clients and publish regular periodicals."

In particular, KB Asset Management is preparing funds through the development of cryptocurrency index indices. They also have plans to utilize asset allocation funds leveraging low correlation with traditional assets and develop principal-guaranteed products using overseas virtual assets for use in retirement pensions and OCIO markets. They are also considering preparing time-invariant portfolio insurance strategy funds and mixed funds including virtual assets.

Overseas financial firms have already entered the digital asset market ahead of us. Grayscale, which manages the largest amount of virtual assets worldwide, has assets under management exceeding $10 billion. Fidelity Asset Management has launched a Bitcoin spot ETF in Canada.

In the Asian region, DBS Group Holdings, the largest bank in Singapore, established the first virtual asset exchange among Asian financial institutions. Domestic banks have also entered the virtual asset custody business.

This content was produced with the assistance of AI translation services.