Internet reports that Ethereum infrastructure provider Fireblocks has been selected by South Korean bank Nong Hyup (NH) Bank to support the crypto prototype it is building. The two companies signed a memorandum of understanding, a non-binding agreement outlining their intentions to cooperate. NH Bank will use the Fireblocks tokenization engine as it explores integrating digital assets into its VAT and other tax refund processes. This also includes its intergenerational transfer tax process on capital transfers for future generations.