According to Digital Asset, the South Korean KB Financial Group has announced the establishment of the “KB AX Digital Asset Fund,” with a size of 100 billion won (about $72 million). The fund will focus on investing in Korea’s digital asset core companies, as well as technology companies such as AI models, application services, and data inference and analytics. The fund is jointly funded by KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Life, with KB Investment responsible for management. KB Financial says the investments will prioritize companies that can be synergized with the group’s business, to promote the development of the digital asset ecosystem and AI transformation.