The city of Busan has finalized the BusanBDX Consortium as the operating company for the Busan Digital Asset Exchange, a platform that will tokenize and trade a diverse range of assets based on logistics, culture, and finance using blockchain technology. This decision followed multiple rounds of practical and main negotiations between Busan City and the BusanBDX Consortium. The exchange will support the tokenized trading of various products, including oil, art, concert tickets, and wine. The Busan Digital Asset Exchange will be operated entirely through private investment, with the consortium owning all operational and ownership costs, including the investment in exchange facilities.
A city official stated that following the final agreement, the launch of the Busan Digital Asset Exchange is targeted as early as April or, at the latest, by the first half of the year. This launch is expected to be a significant milestone in the initiation of the domestic token securities market. Additionally, the Busan Digital Asset Exchange aims to achieve annual sales of 1 trillion won by 2030, promising significant changes for both Busan and the national finance and blockchain industries.
The stock prices of ITSEN and SECUSEN have shown positive market reactions, surging in after-hours trading following the announcement of their selection as the operating companies for the Busan Digital Asset Exchange. Notably, SECUSEN’s stock price increased by 3.83% to 3800 won. This reflects the high market expectations for the Busan Digital Asset Exchange project.
The BusanBDX Consortium includes ITSEN Group along with Hana Securities, Hana Bank, OCON (OCON), Barunson, Optimus, NHN Cloud, and more. ITSEN plans to collaborate with group companies such as COMTEC SYSTEMS, Ssangyong Information & Communications, and SECUSEN to execute the project successfully. They aim to supply a variety of products, including tangible goods, intellectual property (IP), and token securities (ST), to the upcoming Busan Digital Asset Exchange.
