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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 KRW (about $72 million). The fund will focus on investing in core digital asset companies in South Korea, 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, and KB Investment will be responsible for managing it. KB Financial said that investments will prioritize companies that can be synergized with the group’s businesses to help build a digital asset ecosystem and drive an AI transformation.