ONE BIG THING: Local Regulatory Breakthrough Meets Global Validation
This week, local market openings and global technological validation perfectly aligned. As the Korean government officially unlocked the public crypto custody market to private firms, BDACS’s KRW1 was explicitly highlighted by Circle’s CEO during his visit to Seoul, powerfully proving BDACS’s unparalleled infrastructure leadership both locally and globally.
Custody: Government Unlocks the Public Sector Market
The government’s new ‘Public Sector Virtual Asset Management Plan’ officially permits outsourcing government-seized assets to professional private custodians.
- Media reports highlight that BDACS has preemptively integrated specialized blockchain solutions used by major public agencies, including the Prosecution, Police, NIS, and NTS. Additionally, BDACS has acquired the SOC 1 Type 2 security certification and reinforced its team with TradFi-level experts.
▶ Sources: Newsis | ZDNet Korea | Herald Economy
KRW1: Global Spotlight & Multi-Chain Gateway
Circle CEO Jeremy Allaire emphasized that bringing the Korean Won (KRW) on-chain is vital for maintaining its global financial competitiveness.
- During his press conference, CEO Allaire cited KRW1 as a successful use case available on the Arc network. BDACS’s KRW1 is seamlessly available on Circle’s ‘Arc’ network. Furthermore, it supports various mainnets including Avalanche, Polygon, BNB, Plume, and Ethereum, providing a highly interoperable gateway for global liquidity entering Korea.
▶ Source: News1 | Herald Economy
