BDACS, a digital asset custody corporations headquartered in Busan, said on the 1st that the size of its custody asset centered on Bitcoin has surpassed 80 billion won, the largest in Korea.
BDACS obtained preliminary certification for the Information Security Management System (ISMS) for institutional investor virtual asset custody, storage, and transfer services in Nov. 2023 for the first time in Korea, and completed its Virtual Asset Service Provider (VASP) filing in Oct. 2024.
BDACS is expanding its custody business for institutional investors, including domestic and overseas corporations. Ryu Hong-yeol, BDACS CEO, said, "Corporate clients comprehensively consider the stability of assets, flexibility of operations, and infrastructure reliability in the highly volatile virtual asset market," adding, "We will leap forward as a world-class virtual asset infrastructure corporations."