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Press Release
GK8 by Galaxy Named Custody Technology Provider for BDACS, Korea’s Leading Regulated Institutional Custodian
BDACS

BDACS standardizes its institutional platform on GK8’s Impenetrable Vault, uMPC, and policy-driven orchestration

New York / Seoul, September 9, 2025 – GK8, a Galaxy company and institutional digital asset custody platform, today announced that BDACS, a leading regulated institutional digital asset custodian in Korea, has selected GK8 as its custody technology provider to power its institutional digital asset offering.

Through GK8’s category-defining Impenetrable Custody architecture – featuring its Impenetrable Vault, uMPC (Unlimited Multi-Party Computation), and Policy-Engine that enables the platform to be tailored to meet regulatory requirements of each jurisdiction – BDACS will deliver secure, compliant, and scalable custody services to Korean institutions. The platform will also integrate with Galaxy’s validator infrastructure to enable institutional staking, while also leveraging GK8’s Tokenization Wizard for the issuance and management of tokenized assets, including stablecoins and money market fund tokens.

This collaboration extends Galaxy’s growing footprint in Korea. Together with BDACS, Galaxy is developing a full suite of institutional services – including custody, staking, lending, and risk management – while building ETF infrastructure and liquidity through Galaxy’s global network. The partnership, announced earlier this year, is expected to gain momentum as the regulatory landscape in Korea continues to evolve.

“Institutions in Korea are demanding custody technology that is both secure and built for scale,” said Lior Lamesh, Co-Founder & CEO at GK8 by Galaxy. “By choosing GK8, BDACS is giving its clients the strongest possible foundation – combining ironclad security with institutional-quality governance and full regulatory alignment.”

“Our mission is to set the standard for institutional digital asset infrastructure in Korea,” said Harry Ryoo, CEO at BDACS. “With GK8’s custody technology, we can deliver the security, policy control, and operational efficiency our clients expect – while expanding access to institutional prime services like staking through Galaxy through battle-tested infrastructure.”

About GK8 by Galaxy

GK8, a Galaxy (Nasdaq: GLXY) company, provides reliable and comprehensive self-custody technology for digital assets, enabling regulated self-custody, digital asset management, and token issuance. With its patented Impenetrable Vault and uMPC technology, GK8 empowers traditional financial institutions and crypto-native companies worldwide with the tools they need to navigate the digital asset economy with confidence. In a market where trust is an institution’s most valuable asset, GK8 protects the institution’s reputation by setting the highest standard for digital asset custody, paving the way for the mass adoption of digital assets. For more information, please visit https://www.gk8.io/.

About Galaxy

Galaxy (Nasdaq/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com.

About BDACS

BDACS is the leading regulated digital asset custodian for institutions in Korea, providing secure, compliant, and innovative prime custody solutions that enable our clients to confidently navigate the evolving digital asset landscape. As the only regulated custodian with a strategic partnership with a top-tier commercial bank in Korea, BDACS is setting the benchmark for institutional-grade digital asset custody and comprehensive suite of services designed to meet the complex needs of institutional clients, offering tailored custody solutions, seamless trade settlement, and broad market access. With the most expansive and forward-looking capabilities in the industry, BDACS is shaping the future of digital asset custody—delivering the trust, security, and operational efficiency that institutions require to drive their digital asset strategies forward in Korea and globally. For more information, please visit https://www.bdacs.co.kr/en.

Galaxy Investor Relations Contact Galaxy Media Relations Contact

Jonathan Goldowsky Michael Wursthorn Investor.Relations@galaxy.com media@galaxy.com

Disclaimer:

The TSX has not approved or disapproved of the information contained herein.

CAUTION ABOUT FORWARD-LOOKING STATEMENTS

The information in this document may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended and “forward-looking information” under Canadian securities laws (collectively, “forward-looking statements”). Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about our HPC business plans and the parties, perspectives and expectations regarding the lease agreement, financing and campus development, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to retrofitting our existing facility from mining to AI and HPC infrastructure, including the timing of construction and its impact on lease revenue; (2) any inability or difficulty in obtaining financing for the HPC project on acceptable terms or at all; (3) changes to AI and HPC infrastructure needs and their impact on future plans at the Helios campus; (4) risks associated with the leasing business, including those associated with  counterparties; (5) the inability to complete the proposed domestication and reorganization transactions, due to the failure to obtain shareholder and stock exchange approvals, or otherwise; (6) changes to the proposed structure of the proposed domestication and reorganization transactions that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining shareholder or stock exchange approval of the transactions; (7) the ability to meet and maintain listing standards following the consummation of the proposed domestication and reorganization transactions; (8) the risk that the proposed domestication and reorganization transactions disrupt current plans and operations; (9) costs related to the HPC plans and proposed domestication and reorganization transactions, operations and strategy; (10) changes in applicable laws or regulations; (11) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (12) changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (13) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (14) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (15) the possibility that there is a disruption or change in power dynamics impacting our results or our current or future load capacity; (16) any delay or failure to consummate the business mandates or achieve its business pipeline goals; (17) liquidity or economic conditions impacting our business; (18) technological challenges, cyber incidents or exploits; and (19) those other risks contained in the Annual Information Form for the year ended December 31, 2024 available on the Company’s profile at www.sedarplus.ca and its Management’s Discussion and Analysis, filed on March 28, 2025. Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, financing and constructions terms and conditions, a decline in the digital asset market or general economic conditions; the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of the stated addressable market; the failure or delay in the adoption of digital assets and the blockchain ecosystem; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates; delays or other challenges in the mining and AI/HPC infrastructure business related to hosting, power or construction, or our ability to capture adjacent opportunities; any challenges faced with respect to exploits, considerations with respect to liquidity and capital planning and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual outcomes to differ materially from the forward-looking statements. We are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.

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