Busan is accelerating its ambition to become a digital finance hub with the upcoming launch of “Bidan,” a newly rebranded digital asset exchange built on the full acquisition of SenGold, South Korea’s leading real-world asset (RWA) trading platform.
By acquiring 100% of SenGold’s shares, the Busan Digital Asset Exchange has absorbed a platform with over 1.2 million registered users and a cumulative transaction volume exceeding ₩1.2 trillion (~$850 million). SenGold offers trading in seven physical-asset-backed tokens (e.g., e-gold, e-silver, e-platinum, e-copper, etc.), and allows real-world gold redemption through the Korea Gold Exchange.
Following the acquisition, Bidan plans to merge SenGold’s user base and RWA infrastructure with its own advanced trading technology. The exchange will also expand its lineup of tokenized real assets to include flour, crude oil, cacao, wine, and more.
Originally established under a special ordinance by the Busan Metropolitan Government, Bidan represents Korea’s first local-government-backed, privately operated 4th-generation blockchain exchange. The official launch of the “Bidan” service is scheduled for June 2025, signaling a major step in Busan’s strategy to become a global digital finance capital.
“By securing a trusted RWA framework through the SenGold acquisition, Bidan is now positioned to evolve into a hybrid trading platform, offering STOs, crypto, and real asset-based tokens in one place,” a company official stated.
