Institutional Custody Surges Amid Accelerated Legislation

Recent hardware wallet vulnerabilities underscore the urgent shift toward professional institutional custody. Concurrently, South Korea’s National Assembly and financial authorities are pushing to pass the Digital Asset Basic Act within the year, while pursuing KRW stablecoin regulations to curb massive capital flight. Amid this market evolution, BDACS proactively supports corporate treasury adoption and leads the buildout of a secure digital asset ecosystem.

The Coldcard Hack and the Shift to Institutional Custody

Following a major exploit involving Coinkite’s Coldcard Mk3, where roughly 2,000 BTC were stolen across four incidents, experts highlighted the structural limits of self-custody. They emphasized that professional custodians and Bitcoin ETFs are essential alternatives for corporate and institutional investors. This event reinforces the critical need for institutional custody solutions like BDACS. 

▶ Sources: BDACS Newsroom

Digital Asset Basic Act Targeting Year-End Enactment

In a National Policy Committee briefing, the FSC Chairman stated that the government draft for the Digital Asset Basic Act is near completion and will be finalized swiftly following second-half committee formations. A Democratic Party committee member reaffirmed that the bill will pass the National Assembly this year, promising to merge the government draft with existing bills immediately upon submission.

Urgent KRW Stablecoin Legislation to Prevent Capital Flight

Over 800 billion KRW exits South Korea monthly via conversion into USD stablecoins. In response, lawmakers and experts emphasize the urgent need for KRW stablecoin regulations to prevent capital flight and protect domestic investors through a secure, regulated framework.

▶ Sources: Money Today | Korea Economic Daily | Edaily