Busan Digital Asset Exchange acquires RWA exchange 'Sengold'

Busan Digital Asset Exchange (Bdan, Bidan) announced on the 19th that it has acquired the real-world asset (RWA) trading platform 'Sengold.' With this acquisition, the company aims to accelerate its transformation into a comprehensive digital asset trading platform.

Sengold, a subsidiary of Korea Gold Exchange, is a platform where users can trade digital assets based on seven types of physical assets: gold, silver, platinum, palladium, copper, nickel, and tin. In the future, the range of tradable products will expand to include flour, crude oil, cocoa, wine, and more. As of the first quarter of this year, the platform has exceeded 1.2 million members, with an accumulated transaction amount of ₩1.2 trillion.

Bidan is a public digital asset exchange established under an ordinance passed by consensus of the Busan City Council. In December of last year, Bidan launched the beta version of the nation’s first 4th-generation blockchain-based RWA exchange.

Through this acquisition of Sengold, Bidan plans to integrate the legacy platform’s data and operational know-how into its own cutting-edge system, simultaneously strengthening both service quality and security. This will accelerate the transition into a comprehensive platform covering diverse products, including security tokens (STO) and virtual assets (cryptocurrencies). In addition, the exchange’s name will be unified as “Bidan,” delivering enhanced services to its users.

Kim Sang-min, representative of Busan Digital Asset Exchange, stated, “Bidan is a platform where everyone can invest safely and easily in all kinds of assets,” and added, “We will take a leap forward as a world-class comprehensive digital asset exchange, surpassing Korea’s only 4th-generation blockchain RWA exchange.”