Korbit Starts Non-Profit Virtual Asset Management Service with Shinhan Bank

Korbit announced on the 8th that it will start virtual asset management services for non-profit organizations in cooperation with Shinhan Bank.

Korbit has completed preparations to connect virtual asset management services with Nexon Foundation as the first among non-profit organizations. Various non-profit donation organizations such as Areumdaun Foundation and World Vision Social Welfare Foundation have completed preparations to connect services for receiving donations.

This service follows the roadmap for corporate participation in the virtual asset market announced by the Financial Services Commission in February. From the second quarter, non-profit organizations receiving donations and sponsorships will be allowed to issue real-name accounts for virtual assets. Gradually, the path to conduct sell transactions will open. Through this, donors can easily participate in donations using virtual assets. Non-profit organizations can introduce new donation and sponsorship methods suitable for the digital era.

Taking this connection as an opportunity, Korbit plans to actively support various non-profit organizations in building new donation channels using virtual assets in accordance with the Financial Services Commission’s roadmap. It also intends to take the lead in creating a donation environment through virtual assets.

A Korbit official said, “In close cooperation with Shinhan Bank, we plan to provide various conveniences so that non-profit organizations can smoothly participate in the virtual asset ecosystem,” adding, “We will continue to strive to build a sound virtual asset market ecosystem.”

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