Busan Digital Asset Exchange Plans to Expand Digital Financial Infrastructure Through Acquisition of Flybit
Source：
www.digitalasset.works
Busan Digital Asset Exchange stated that WeHub, the holding company of its largest shareholder, has signed an equity acquisition agreement with Korea Digital Exchange, the operator of Flybit, to expand its digital real-world asset trading platform, BDAN, into a virtual asset trading platform. According to the disclosure, WeHub and its largest shareholder, Yang Jae-seok, plan to acquire 40% and 25% of Korea Digital Exchange’s shares, respectively, with further capital increases planned to secure controlling interest. Busan Digital Asset Exchange noted that this move will strengthen its competitiveness as a Korean won trading and virtual asset service provider, underpinned by robust internal controls and anti-money laundering mechanisms.
