Woori Bank and BDACS Sign MOU for Cooperation in Digital Asset Custody Business

Minseung Kang

Summary

Woori Bank and BDACS announced that they will collaborate on businesses utilizing digital assets and blockchain technology to explore new business opportunities.
BDACS plans to provide safe custody services for all digital assets and support new services from Woori Bank.
BDACS has completed ISMS certification and VASP acquisition, and announced support for STO and RWA issuance in collaboration with various mainnets.

Digital asset custody company BDACS and Woori Bank announced on the 30th that they have signed a Memorandum of Understanding (MOU) for innovative technology business in the digital asset sector.

Through this agreement, the two companies plan to discover new business opportunities using digital assets and blockchain technology based on their expertise and resources, maximizing the synergy of mutual cooperation. The companies will pursue △ joint business discovery and promotion in the digital asset market △ sharing know-how and business cooperation in the blockchain technology field △ business collaboration in the virtual asset custody market. Woori Bank has also acquired a stake in BDACS, establishing a relationship beyond a simple agreement.

Ryu Hong-yeol, CEO of BDACS, stated, "BDACS will provide safe and reliable custody services for all digital assets, including NFTs, token securities, and RWAs, and grow as a trusted partner that can support new services envisioned by Woori Bank."

Meanwhile, BDACS has completed the Information Security Management System (ISMS) certification and the Virtual Asset Service Provider (VASP) acquisition process, offering custody storage of digital assets, including NFTs and token securities, as its main service. The company has partnerships with major mainnets such as Avalanche and Polymesh, supporting the issuance and distribution of token securities (STO) and RWAs, and providing blockchain ecosystem infrastructure.