PANews February 27 News, according to NEWSPIM, Focus AI announced the completion of the remaining payment for the acquisition of Busan Digital Asset Exchange. Focus AI ultimately acquired a 40.61% stake, officially becoming its largest shareholder and gaining operational control. Busan Digital Asset Exchange is South Korea’s first RWA tokenized exchange, currently supporting 23-hour digital trading of physical assets such as gold, silver, and platinum. The KDX alliance involved recently received the first preliminary license for OTC securities brokerage business for STOs issued by the Korea Financial Services Commission (FSC). Focus AI plans to combine AI, payments, stablecoins, and electronic wallet technology through this acquisition to build the infrastructure for a Web3 payment platform and promote the development of RWA and STO businesses.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Nasdaq-listed company Currenc Group tokenizes its common stock via Securitize
Currenc Group Inc., a Nasdaq-listed company, engaged Securitize to tokenize its common stock, aiming to enable 24/7 trading and fractional ownership, and to advance decentralized finance (DeFi) applications. Securitize is a leading institution in the tokenization space, and it also participates in building a tokenized securities platform for the New York Stock Exchange.
GateNews15m ago
Polymarket Completes Acquisition of DeFi Infrastructure Company Brahma
On April 8, Polymarket announced the acquisition of DeFi infrastructure company Brahma, and the team will continue to handle key roles. This integration is intended to improve trade reliability and execution speed, reduce barriers for users, and enhance cross-blockchain interoperability.
GateNews1h ago
SOL Strategies Acquires Darklake Labs to Accelerate Zero-Knowledge Privacy Via Solana
SOL Strategies Inc. has acquired Darklake Labs for $1.2M to enhance zero-knowledge privacy on the Solana network, strengthening its position in decentralized finance and securing on-chain transactions. The move integrates Darklake's expertise, aiming to bolster financial security and advance product development.
BlockChainReporter2h ago
SBI Ripple Asia launches an XRPL token issuance platform, advancing the implementation of compliant blockchain finance
SBI Ripple Asia announced that its token issuance platform based on the XRP Ledger has officially launched, marking an important application of blockchain in compliant financial services. The platform enables businesses to manage tokens directly on-chain and complies with regulatory requirements, improving payment and loyalty mechanisms. In the future, SBI will also optimize cross-border payments between Japan and Korea, driving XRPL’s adoption in the real economy.
GateNews2h ago
Mastercard has more than 100 encryption business partners, covering multiple sectors such as public chains, stablecoins, and trading platforms.
Mastercard’s cryptocurrency business partners number more than 100, covering multiple key areas and working toward becoming the connection layer in the payments pathway. Its strategy aims to lower the access threshold, expand network effects, and attract payment institutions and financial endpoints to join the network, which differs from the strategies of traditional payments giants.
GateNews3h ago
AI payments reach a major breakthrough: Alchemy launches AgentPay to connect systems like Circle and Visa for interoperability
AgentPay, launched by Alchemy, is designed to address interoperability issues between AI payment systems and provides a unified interface for multiple payment protocols. By simplifying payment integration through an API entry point, the tool enhances system security and scalability, promotes the fusion of AI with crypto payments, and helps drive the development of decentralized payment networks.
GateNews4h ago
