Busan Digital Asset Exchange’s Bdan Posts $2.9 Million First-Quarter Operating Profit, Up 100-Fold From Year Earlier

Busan Digital Asset Exchange said April 21 that Bdan, its real-world asset trading platform, posted sharp growth in the first quarter.

Its subsidiary Bdan Gold recorded first-quarter transaction volume of 363.3 billion won ($252.3 million), revenue of 5.26 billion won ($3.65 million) and operating profit of 4.18 billion won ($2.9 million). That was up 292% in transaction volume, 1,437% in revenue and 11,680% in operating profit from a year earlier. First-quarter operating profit also exceeded last year’s full-year total of about 2.82 billion won ($1.96 million).

The company said it returned to the black after improving its business structure and strengthening its brand following the acquisition of the real-world asset platform in September 2025. It added that the business has now entered a phase of structural growth.

Demand for digital real-world assets, or RWAs, is expanding as expectations grow for higher prices of precious metals such as gold and silver. Bdan currently offers seven products, including e-gold and e-silver, and plans to expand into coffee and whiskey.

The company is also moving to diversify its revenue streams through its subscription service Chagok Chagok, intellectual property businesses and the introduction of buy now, pay later services.

Kim Sang-min, chief executive officer of Busan Digital Asset Exchange, said the digitization of real-world assets is becoming a core trend in wealth expansion through the transfer of wealth and is increasingly becoming part of daily life. He said the company will continue expanding its lineup of stable digital products and solidify its position as a leading real-world asset platform.