Bonanza Factory Selected as Finalist in Ministry of SMEs and Startups' 'Baby Unicorn Nurturing Program'

Digital asset compliance specialist Bonanza Factory announced on the 16th that it was finally selected by the Ministry of SMEs and Startups (hereinafter the Ministry) as a promising venture company, a 'revenue-growth-type Baby Unicorn,' which achieved independent growth without attracting external investment.

The Ministry's 'Baby Unicorn Nurturing Program' is a project to support promising startups so that giant new companies (unicorn companies) with a corporate value of over 100 billion won can emerge. This year, a total of 20 companies, including Bonanza Factory, were selected.

Selected companies will receive up to 300 million won in funding and up to 5 billion won in guarantee support. In addition, follow-up support such as growth strategy diagnosis, overseas expansion programs, and technology-special listing consulting will follow.

Bonanza Factory has enhanced the stability of digital asset transactions with its core solutions: the KRW deposit and withdrawal solution 'TranSafer' and the virtual asset (cryptocurrency) wallet tracking and verification solution 'TranSight.' It achieved differentiated results in blocking illegal transactions based on an intuitive interface, an artificial intelligence (AI)-based database, and the ease of freezing criminal funds through integration with TranSafer.

In addition, Bonanza Factory plans to apply the world's first virtual asset freezing protocol developed together with global exchanges to 'TranSight' in September. The related details will be disclosed at the International Anti-Fraud Conference held on the 16th.

Bonanza Factory plans to focus on advancing blockchain AI technology—such as enhancing transaction map analysis based on Graph Neural Network (Graph Neural Network) models—and strengthening technological and organizational capabilities for global market entry through this government support.

Kim Young-seok, CEO of Bonanza Factory, said, "Following K-pop, K-drama, and K-culture, Bonanza Factory will showcase Korea's technological capabilities to the world through K-tech," and "This Baby Unicorn selection is an important milestone for leaping onto the global stage, and going forward we will create a new standard for Korean digital asset compliance."