PANews February 27 News, according to NEWSPIM, Focus AI announced the completion of the remaining payment for the acquisition of Busan Digital Asset Exchange. Focus AI ultimately acquired a 40.61% stake, officially becoming its largest shareholder and gaining operational control. Busan Digital Asset Exchange is South Korea’s first RWA tokenized exchange, currently supporting 23-hour digital trading of physical assets such as gold, silver, and platinum. The KDX alliance involved recently received the first preliminary license for OTC securities brokerage business for STOs issued by the Korea Financial Services Commission (FSC). Focus AI plans to combine AI, payments, stablecoins, and electronic wallet technology through this acquisition to build the infrastructure for a Web3 payment platform and promote the development of RWA and STO businesses.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SBI VC Trade Launches Licensed USDC Lending Service in Japan, Stablecoin Moving Toward Yield-Generating Applications
Japan's financial group SBI Holdings subsidiary SBI VC Trade plans to launch USDC lending services starting March 19, 2026, becoming the first licensed operator with stablecoins as the underlying asset. This service offers an annualized interest rate of up to 10%, with expectations to stabilize at 5% in the future. The service expands stablecoin applications from a medium of exchange to financial instruments, demonstrating Japan's strategy of establishing legislation first before opening up the market, promoting legality and adoption in its stablecoin market.
区块客11h ago
Polymarket Teams Up With MLB as Official Partner
Polymarket has signed a major deal with Major League Baseball (MLB). The platform is now the official prediction market partner of the league. This is a big step for both sides. MLB reaches millions of fans every month. Now, those fans may also
Coinfomania14h ago
A certain CEX launched on-chain shares of a Bitcoin yield fund, deployed on Ethereum Layer 2 network
A certain CEX's asset management department has launched tokenized shares of a Bitcoin yield fund in collaboration with Apex Group, targeting non-US investors and adopting the ERC-3643 standard to achieve automated compliance. Institutions are accelerating asset tokenization to improve efficiency and reduce costs.
GateNews14h ago
GalaChain launches ecosystem expansion plan, GalaSwap supports the integration of assets from Solana, TON, and Ethereum
Gate News reports that on March 21, Gala Games officially announced the launch of GalaChain's ecosystem expansion plan. Its decentralized exchange GalaSwap now supports bridging tokens from the Solana, TON, and Ethereum ecosystems onto the GalaChain network. According to the official statement, this move will enable cross-ecosystem asset access and interoperability, activate the community, and enhance the visibility of various project tokens.
GateNews14h ago
Ledger Expands in U.S. With New CFO and New York Office
Ledger is expanding in the U.S. with the hiring of CFO John Andrews and a new office in New York, aiming to strengthen its presence in the digital asset market and support institutional clients. This growth signals Ledger's ambitions in the evolving financial landscape.
CryptometerIo17h ago
Understanding Stablecoins from Circle CEO Interview: Why It's Not a Crypto Asset, But a Network Money Protocol?
Circle Completes IPO, Jeremy Allaire Emphasizes Stablecoins Still in Early Stage, Targeting to Build Digital Dollar Network Infrastructure and Next-Generation Financial Platform.
Editor's Note: In 2025, stablecoin issuer Circle completed its IPO, becoming one of the most closely watched listing cases in the crypto industry in recent years. As the issuer of USDC, Circle is attempting to promote stablecoins from a trading tool in the crypto market to a digital dollar infrastructure capable of circulating in networks.
In "The David
CryptoCity18h ago
