The Trade & Development Bank of Mongolia, the largest bank in the country, plans to start offering crypto-related services to its clients.
According to DDaily, the bank plans to offer custody, remittance, deposit, loan and crypto asset management services.
To this end, the bank has teamed up with the blockchain company Hexland, which was founded by former Samsung developers, and the white label tech firm Delio.
The bank's decision to embrace cryptos will help boost crypto adoption in the country, as the TDB Bank has 50 branches nationwide.
It must be noted the mineral resources and blockchain company MDKI will also be part of the agreement.
At the moment there is no specific launch date for these new services, which will be mainly aimed at companies, since most of the bank's customers are industrial clients.
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