BDACS Forms a Landmark, Strategic Partnership with Leading Digital Asset Firm Galaxy
BDACS Forms a Landmark, Strategic Partnership with Leading Digital Asset Firm Galaxy
Seoul, April 29, 2025 - BDACS, Inc., a leading Korean digital asset custodian, today announced a strategic partnership with Galaxy, a global leader in digital assets and data center infrastructure. This partnership represents a significant milestone in the evolution of Korea’s institutional digital asset landscape, combining BDACS’s strong market presence and regulatory expertise with Galaxy’s global infrastructure, innovative product portfolio, and institutional pedigree, which BDACS will leverage to serve institutional clients in Korea.
As institutional demand for digital assets continues to rise across Asia, this partnership unlocks compelling commercial opportunities. Emerging as a strategic hub for digital finance in the region, Korea provides the ideal launchpad for BDACS and Galaxy to deliver scalable, compliant, and forward-looking solutions tailored to institutional needs in Korea and regionally. BDACS will deliver these solutions to institutional clients in Korea - including asset managers, securities firms, banks, and fintech companies seeking to build or expand digital asset operations - by integrating Galaxy’s technology and global infrastructure (such as self-custody services through Galaxy’s wholly-owned subsidiary, GK8) into its offerings.
The collaboration centers around three key areas:
1. Institutional Prime Services - The two companies will co-develop a comprehensive prime brokerage platform, with BDACS implementing and delivering such integrated solution for custody, staking, lending, and risk management to institutional clients in Korea. Leveraging GK8’s institutional-grade custody suite, including its offline Impenetrable Vault, and its uMPC (unlimited Multi-Party Computation) capabilities, BDACS’ platform will enable institutions to securely access and manage digital assets while meeting evolving regulatory and operational standards. With GK8’s capabilities implemented by BDACS, institutions can securely store and stake digital assets while maintaining complete control over their holdings and adhering to stringent compliance requirements.
2. ETF Infrastructure and Liquidity - BDACS will support the growth of digital asset ETFs in Korea by leveraging Galaxy’s global liquidity network and proven custody infrastructure, which Galaxy will provide for BDACS to deploy in the Korean market. This initiative will empower traditional financial institutions to launch and operate digital asset ETFs with confidence and regulatory alignment.
3. Stablecoin Regulatory Research and Service Models - The partnership will pursue joint research into international stablecoin regulatory frameworks, with BDACS leading their application and implementation for Korea. The goal is to build institutional-grade service models and contribute to shaping a stable, innovation-ready policy environment for the Korean market.
With the Korean Financial Services Commission’s release of a regulatory roadmap for institutional market entry earlier this year, the critical role of regulated digital asset custodians is gaining new urgency. At the same time, jurisdictions including the U.S., Europe, and Japan are accelerating efforts to regulate stablecoins, highlighting the global need for well-defined operational models and infrastructure.
Hong Yul Ryoo, CEO of BDACS, commented:
“This partnership goes beyond technology. It reflects a shared commitment to building the next generation of institutional finance in Korea and the broader region. With Galaxy as our strategic partner, we’re positioned to deliver secure, scalable infrastructure and unlock meaningful value for institutional clients in this new era of digital assets.
Jason Urban, Global Head of Trading at Galaxy, added:
“Korea stands out for its regulatory leadership, institutional readiness, and embrace of innovation. By joining forces with BDACS, we’re enabling BDACS to bring Galaxy’s institutional-quality solutions to Korea, a market primed for growth. From ETFs to custody to stablecoins, the opportunity is substantial — and we’re excited to shape the future together.”
The BDACS-Galaxy partnership is expected to serve as a blueprint for building institutional digital asset ecosystems in Asia, setting the stage for regional expansion and cross-border financial innovation.
BDACS is the leading regulated digital asset custodian for institutions in Korea, providing secure, compliant, and innovative custody solutions that enable our clients to confidently navigate the evolving digital asset landscape. As the only regulated custodian with a strategic partnership with a top-tier commercial bank in Korea, BDACS is setting the benchmark for institutional-grade digital asset custody and comprehensive suite of services designed to meet the complex needs of institutional clients, offering tailored custody solutions, seamless trade settlement, and broad market access. With the most expansive and forward-looking capabilities in the industry, BDACS is shaping the future of digital asset custody—delivering the trust, security, and operational efficiency that institutions require to drive their digital asset strategies forward in Korea and globally.
Connecting you to the future of digital assets | BDACS
Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com
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