Busan Digital Asset Exchange, Hashed, Naver Pay Jointly Develop 'Busan Super App Web3 Wallet'

Busan Digital Asset Exchange, global blockchain investment firm Hashed, and Naver Pay announced on the 30th that they have signed a 'Busan Super App Web3 Wallet Business Agreement for Busan Citizens.'

Through this agreement, the three companies will jointly plan and develop a Web3 wallet for Busan citizens, tentatively named 'Bidan Jumeoni,' that can be used safely and conveniently.

Busan Digital Asset Exchange, as the lead agency based on local governance, will take the lead in realizing citizen-participatory services. Hashed will participate as a Web3 business and technology partner along with its subsidiary ShardLab, and plans to design digital asset management infrastructure based on practical cases such as NFT ticketing and decentralized identity (DID) authentication. Naver Pay plans to contribute to providing innovative and convenient Web3 services for Busan citizens by leveraging its payment infrastructure used by 34 million users and its operational experience in commerce and finance sectors.

Sangmin Kim, CEO of Busan Digital Asset Exchange, said, “I am pleased to take the first step for Busan’s digital future together with Naver Pay and Hashed,” and added, “Based on our experience establishing the nation’s first physical-asset-based digital asset exchange, we will take the lead in helping Busan grow into a city that leads the digital economy.”

Hashed and Naver Pay stated, “By leveraging each company’s strengths, we will strive to provide Busan citizens with a real experience of innovation through this collaboration taking place in Busan.”