B-DAX's crypto assets under custody surpass KRW 80 billion

B-DAX, a South Korean digital-asset custody firm, said on the 30th that its assets under custody have surpassed KRW 80 billion.

The milestone was achieved despite a contracting market. According to the Financial Services Commission’s “Second Half of 2025 Survey on Virtual Asset Service Providers,” assets under custody in South Korea’s digital-asset custody industry totaled KRW 307.1 billion in the second half of last year, down from KRW 432.7 billion in the first half.

In addition, according to the Korea Financial Intelligence Unit (FIU), South Korea’s overall custody assets are estimated to have fallen by about 80% from KRW 1.5 trillion at the end of 2024, as exposure to high-risk assets such as memecoins and so-called “kimchi coins” declined.

Even as the market shrank broadly, B-DAX expanded its assets under custody, centered on Bitcoin (BTC).

The company cited its Prime Custody Solution as a key driver of the growth. The service is an integrated infrastructure that goes beyond simple storage, enabling flexible custody and management of digital assets tailored to corporate clients’ business structures and investment strategies. Through it, clients can build custody environments based on asset characteristics and intended use, and manage a range of digital assets.

B-DAX also said it has secured stability and scalability through custody services aligned with client needs and strategies.

Ryu Hong-yeol, CEO of B-DAX, said, “Corporate clients comprehensively consider asset stability, operational flexibility, and infrastructure reliability in a highly volatile digital-asset market,” adding that the company is “providing environments tailored to clients’ strategies.”

To that end, B-DAX said it has built its security framework based on a multi-approval system, a distributed storage architecture, and internal control systems. It also said it is improving asset-management efficiency for corporate clients through infrastructure and user environments that combine hot and cold wallets.

Ryu added, “Going forward, trust, flexibility, and global connectivity will be key competitive factors in the custody market,” and said the company will “continue to expand the business in line with the expansion of the corporate market.”

Meanwhile, B-DAX is expanding its custody business by securing overseas clients in the United States and Japan as well as domestic companies. It is strengthening its base of financial institutions and corporate clients to meet rising demand for corporate-focused custody services.