News Heat Trend
Project Overview
BDACS is a digital asset custodian in Korea built for institutions, delivering a wide-ranging suite of digital asset custody services, emphasizing secure, regulated solutions for custody, trade settlement, and extensive market access in Korea and globally.
Event-related news
Stablecoin payment company Rain adds support for Korean won stablecoin KRW1
Odaily report: KRW1 is issued by BDACS on Avalanche and is pegged 1:1 to the Korean won. Users can pay with KRW1 via Visa card.
BDACS and Devall Company Plan to Jointly Build Stablecoin Cross-Border Trade Settlement Infrastructure
According to Yonhap News Agency, South Korean crypto asset custodian BDACS will partner with Devall Company, the operator of the accounts receivable management service "Cheonggus," to build a stablecoin-based B2B cross-border payment and settlement infrastructure. The initiative will enable exporting companies to send invoices through Cheonggus, allowing overseas buyers to settle using stablecoins such as USDT and USDC. BDACS will subsequently handle asset custody and convert the funds into Korean won for settlement. Both parties also plan to explore integrating payment and settlement data into enterprise ERP systems to automate accounting processes.
Related news
Stablecoin payment company Rain adds support for Korean won stablecoin KRW1
Odaily report: KRW1 is issued by BDACS on Avalanche and is pegged 1:1 to the Korean won. Users can pay with KRW1 via Visa card.
BDACS and Devall Company Plan to Jointly Build Stablecoin Cross-Border Trade Settlement Infrastructure
According to Yonhap News Agency, South Korean crypto asset custodian BDACS will partner with Devall Company, the operator of the accounts receivable management service "Cheonggus," to build a stablecoin-based B2B cross-border payment and settlement infrastructure. The initiative will enable exporting companies to send invoices through Cheonggus, allowing overseas buyers to settle using stablecoins such as USDT and USDC. BDACS will subsequently handle asset custody and convert the funds into Korean won for settlement. Both parties also plan to explore integrating payment and settlement data into enterprise ERP systems to automate accounting processes.
For the first time, South Korea’s National Tax Service piloted entrusting private custodial institutions with the management of seized virtual assets.
According to News1, South Korea’s National Tax Service (NTS) has launched its first pilot program to entrust private cryptocurrency custodians with the custody and management of seized virtual assets. The related tender was announced on April 29, with bids due by May 12, and the pilot is scheduled to run through the end of this year. Major Korean custodians—including KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock—are preparing to participate. Although the pilot’s budget is only approximately USD 5,800, industry observers view securing a reference case labeled “National Tax Service Project” as symbolically significant.