ONE BIG THING: The Final Steps Toward a Mature Institutional Market
Korea’s digital asset market is undergoing a structural overhaul. Authorities are restricting exchange proprietary trading to introduce institutional Market Makers (MMs), while bipartisan pressure accelerates the Stablecoin Act. Amidst this, BDACS is bridging global Web3 builders with APAC’s top capital allocators.
I. BDACS Takes Center Stage at ETHCapital Seoul
BDACS is officially partnering with ETHCapital Seoul (April 15) to connect enterprise-grade infrastructure with institutional capital.
- Bridging Global Capital: As a key partner representing Korea, BDACS will actively unite top Ethereum builders with APAC’s premier capital allocators.
- Vision for Institutional Infrastructure: Co-Founder & CSO Terry Kim will take the stage to share BDACS’s strategic vision on critical market-shaping topics like RWAs, Institutional DeFi, and Stablecoins.
▶ [LinkedIn] BDACS × ETHCapital Seoul
I. Regulation: Restricting Exchanges to Introduce MMs
Authorities are separating brokerage from proprietary trading to mirror traditional stock markets.
- Stripping ‘Buy/Sell’ Licenses: During VASP renewals, the FSC removed ‘Buy/Sell and Exchange’ capabilities for crypto exchanges, strictly limiting them to pure brokerage platforms.
- Paving the Way for MMs: Industry insiders view this as a prelude to legalizing institutional Market Makers (MMs). By preventing exchange monopolies, the government is creating a transparent, conflict-free environment for independent MMs to enter Korea.
▶ Source: Herald Economy
II. Stablecoin: Bipartisan Push for 2026 Legislation
Political momentum for stablecoin regulation has grown significantly stronger.
- United Front for Rapid Legislation: Both ruling and opposition parties publicly pressured the FSC to finalize the Phase 2 Digital Asset Basic Act. This rare bipartisan consensus signals that the stablecoin framework will be prioritized and passed this year.
▶ Source: Edaily
