<p>GDAC, a cryptocurrency exchange run by Korean blockchain-based fintech company Peertec, has <a href="https://www.khgames.co.kr/news/articleView.html?idxno&#61;220931" rel="noopener noreferrer nofollow">signed</a> a business deal with Zodia Markets, a European digital asset marketplace under the UK’s Standard Chartered Group. As key institution-first digital asset platforms in their respective regional markets, the two enterprises plan to work together to build a global digital asset and stablecoin network to drive innovation, with a focus on preventing money laundering and reducing financial costs.</p><h2 id="header-0">About Zodia Markets and GDAC</h2><p>The Standard Chartered Group established Zodia Markets in 2021 following approval from the UK’s Financial Conduct Authority (FCA). The group’s latest partnership with GDAC represents a step further into the Korean market, in which it is already a major player through its local branch, the Korea Standard Chartered Bank.</p><p>GDAC has been making strides in cybersecurity by forging partnerships. The exchange teamed up with Genians, a cybersecurity firm listed on the KOSDAQ stock exchange, and attracted investments from it to accelerate the establishment of a global security network. In October, GDAC entered into a <a href="https://medium.com/&#64;coinness.gl/gdac-joins-hands-with-bitgo-to-fortify-crypto-wallet-security-5c8f6dad4d14" rel="noopener noreferrer nofollow">collaborative agreement</a> with crypto wallet provider Bitgo, aiming to enhance the security of the exchange’s wallet services.</p><p>The exchange serves not only profit-oriented corporations but also non-profit organizations, such as the Community Chest of Korea. It also runs the GDAC Fund Service, a digital asset management solution for corporate clients that it jointly founded with Woori Financial Group.</p><h2 id="header-1">Dedication to different client demographics</h2><p>“Through our partnership with Zodia Markets, a subsidiary of the UK’s Standard Chartered Bank, we look forward to providing even higher-value digital financial services to our corporate clients,” said Lee You-ree, CCO of GDAC. “We also plan to continuously launch helpful, high-liquidity digital financial services for individual customers as well through our work with a European digital financial platform.”</p>

GDAC joins hands with Zodia Markets to cultivate global digital asset network

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