BDACS has formally announced a strategic partnership with Galaxy Digital ("Galaxy"), which leverages BDACS' strong market presence and regulatory expertise.
Combining this with Galaxy's global infrastructure, innovative products and institutional-grade solutions is expected to mark a turning point in the digital asset ecosystem for the Korean corporate market.
With the recent rapid growth in demand for corporate digital assets across Asia, BDACS and Galaxy are looking to position Korea as a strategic hub for digital finance, to develop scalable, regulatory-compliant
In particular, BDACS will work with Korean asset management companies, securities companies, banks, and fintech companies to build and provide digital asset businesses.
Galaxy provides services that integrate Galaxy's technology and global infrastructure to corporate clients looking to expand or expand their business. This includes self-custody (
The partnership will focus on three core areas:
1. Institutional Prime Services
The two companies will jointly develop a prime brokerage platform that integrates custody, staking, lending and risk management functions, and will
BDACS plans to implement and provide this to corporate clients in Korea. BDACS will leverage GK8's institutional-grade custody functions, especially the offline safe (Impenetrable
Based on the Vault and unlimited Multi-Party Computation (uMPC) capabilities, institutions can securely access, manage, and evolve their digital assets.
The GK8 solution implemented by BDACS allows institutions to safely store and stake their digital assets under full control.
2. Digital Asset ETF Infrastructure and Liquidity Support (ETF
BDACS will leverage Galaxy’s verified custody infrastructure and global liquidity network to develop and scale digital asset management solutions in Korea.
The plan is to support the growth of the digital asset ETF market, laying the foundation for traditional Korean financial institutions to safely launch and operate regulated digital asset ETF products.
3. Stablecoin Research and Services
The two companies will pursue joint research into an international stablecoin regulatory framework and
CS plans to apply this to the Korean market and implement it into a specific corporate service model, with the ultimate goal of contributing to the creation of an innovative and stable policy environment.
Earlier this year, South Korea’s Financial Services Commission released a roadmap for corporations to enter the virtual asset market, opening up the door to regulated digital asset trustee companies.
At the same time, major countries such as the United States, Europe, and Japan are implementing full-scale stable coin regulations, and the establishment of a global-level infrastructure and operating model is becoming an urgent task.
BDACS CEO Ryu Hong-yeol said, "This partnership goes beyond simple technical cooperation to create a next-generation financial ecosystem in Korea and the whole of Asia.
"It contains a joint vision and will. Through cooperation with Galaxy, BDACS will provide a secure and scalable infrastructure to deliver real value to our enterprise customers."
Jason Urban, head of global trading at Galaxy, added, "Korea is an extremely advanced market in terms of regulatory sophistication, corporate readiness and embrace of innovation.
Through collaboration with BDACS, Galaxy will fully introduce institutional-grade digital asset solutions to Korea, and will provide digital asset ETFs, custodians and stablecoins.
"I am very excited to be working with BDACS on a variety of areas, including digital transformation and the Internet," he said.
It is considered to be a milestone in building a global asset ecosystem and is expected to become the foundation for future expansion within the region and cross-border financial innovation.
2025/04/30 12:13 KST
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