Approaching Regulatory Clarity and Corporate Access in H2

With the newly organized National Assembly, the enactment of the Phase 2 Digital Asset Basic Act and KRW stablecoin frameworks has emerged as a top economic priority. As legislative momentum aligns with direct dialogues between financial regulatory heads and industry leaders to unlock corporate market access, BDACS is fully prepared to absorb the incoming institutional demand, publishing transparent, audited metrics that validate its infrastructure leadership.

Objective Metrics Validating Custody Leadership

• Five Institutional Custody Metrics: BDACS published its objective performance across five critical indicators demanded by corporate clients. Operating with full FIU regulatory compliance, BDACS holds an industry-leading 26.7% market share with 80 billion KRW in Assets Under Custody (AUC). Backed by an equity investment from Woori Financial Group and a robust network of global partners, the firm’s security and internal controls have been officially verified through a SOC 1 Type 2 certification audited by KPMG.

▶ Sources: BDACS Newsroom

Legislative Drive and FSS Dialogues on Corporate Access

• Legislative Drive and Regulatory Coordination: The long-stalled Digital Asset Basic Act is set to resume discussions as the foremost economic priority following the National Assembly’s reorganization. Guiding this momentum, CEO Harry Ryoo advocated for a “possible legislation first” approach in a recent op-ed, emphasizing the immediate regulation of KRW stablecoins, a separate legislative track for the Market Structure Act, and pre-emptive licensing for core infrastructure like custody. Aligning with this policy shift, FSS Governor Lee Chan-jin will convene a high-level meeting with VASP CEOs, including BDACS, to strategically discuss strengthening internal controls and opening the digital asset market to corporate entities. 

▶ Sources: Etoday | Edaily | Busan Daily