According to the announcement, Mongolia’s largest bank, Trade and Development Bank (TDB), has disclosed plans to begin offering crypto-related services. It explained that support for crypto custody, deposits, loans, remittance, and digital asset management would be added via the new initiative.
The new initiative would be launched by the Mongolian bank, TDB, in partnership with blockchain firm Hexland and popular white-label tech company Delio. The report also disclosed that other blockchain firms, such as Mongolian blockchain and mineral resource firm MDKI will also be providing unique services to the bank’s crypto initiative.
Additionally, other members of the new initiative would also be providing their own unique additions. Hexland would deliver blockchain smart contract development and verification services, as well as wallet development services and several other solutions.