The Busan Digital Asset Exchange in Kimchi was officially launched on the 3rd, marking an important step for Busan in the field of digital asset trading. The establishment of the exchange was fully invested by the Busan Municipal Government and several companies, with an investment of up to 10 billion won. Busan City previously designated the Busan BDX Consortium, consisting of 11 companies, to operate the exchange, including well-known companies such as ITcen, Barunson, Hana Bank, and Hana Securities.
At the end of March, the board of directors of the Busan Digital Asset Exchange appointed its first CEO Sang-min Kim, established a complete organizational structure, and clarified the business plan. It is reported that the main business of the exchange will focus on supporting real world asset (RWA) transactions. By simplifying the trading process of RWA assets, the exchange aims to increase asset liquidity and make Busan part of the global digital financial center.
The establishment of the Busan Digital Asset Exchange is of great significance to the digital asset trading market in Kimchi. It will provide investors with more diversified and safer trading options and promote the development and innovation of the digital asset field. At the same time, the operation of the exchange will also help enhance Busan's position in the global digital financial field and bring more business opportunities and economic development to the region.
With the launch of the digital asset exchange, we look forward to seeing the further development of the digital asset market in Kimchi Country and the rise of Busan in the field of digital finance. This will inject new vitality into the development of the global digital economy and provide investors with more convenient and efficient digital asset trading services.
