DAXA Expands Disclosure Features…Supports Corporate Participation in the Digital Asset Market

The Digital Asset Exchange Alliance (DAXA) announced on the 1st that it has newly established a 'Disclosure' menu on its official website and is expanding its existing disclosure functions.

This measure is in accordance with the Financial Services Commission's 'First Phase Roadmap for Corporate Market Participation,' which implements guidelines for the sale of digital assets (cryptocurrencies) by digital asset service providers and nonprofit corporations. It aims to enhance transparency and reliability in the digital asset market by strengthening information provision functions.

DAXA has completely reorganized the items and structure of the disclosure menu to systematically provide disclosure matters according to the corporate participation guidelines. As a result, users can transparently view not only the status of trading support by member companies and fee comparison information by digital asset service provider, but also ▲ plans and results of digital asset sales by digital asset service providers, and ▲ status of the top 20 domestic tokens by market capitalization.

Kim Jae-jin, Executive Vice President of DAXA, stated, "This disclosure function overhaul is intended to increase transparency in corporate market participation and to allow investors easier access to essential information related to sales requirements," adding, "We will continue our efforts to resolve information asymmetry in the digital asset market and enhance market credibility going forward."