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
'Not Bridges': Cardano Builder Highlights Vision for Direct Withdrawals - U.Today
Input Output Group announced the launch of USDCx on Cardano, a Cardano-native asset backed by USDC in Circle's xReserve. This integration enhances DeFi liquidity and enables seamless interaction between Ethereum and Cardano, despite some community criticism.
UToday7h ago
Cardano Brings Blockchain Payments to Swiss Retail With ADA at SPAR Stores
ADA payments now accepted at 137 SPAR stores in Switzerland through Cardano integration with DFX.swiss Open Crypto Pay.
Real-time blockchain transactions reduce merchant fees by about two-thirds compared to traditional card providers.
The Cardano Foundation has announced that Swiss payments
CryptoNewsFlash8h ago
Citibank promotes "Bitcoin Banking": Striving to launch "Institutional-Grade Custody" and "Cross-Asset Collateral" services this year
Citigroup is pushing for the banking of Bitcoin, planning to deeply integrate it into the traditional financial system, with institutional-grade crypto custody services expected to launch in 2026. By simplifying Bitcoin transaction processes and reducing operational friction, Citigroup aims to attract more institutions to adopt digital assets further. Additionally, the bank is exploring the applications of stablecoins and blockchain deposit tokens, hoping to provide traditional financial institutions with more convenient ways to utilize capital.
区块客8h ago
Brickken Joins UNE Committee to Advance Institutional Tokenization Standards
Brickken, an institutional-grade tokenization infrastructure provider for capital markets, allowing the issuance, management, and lifecycle automation on blockchain networks, is excited to do something innovative for shaping a global standard for institutional tokenization. For this, Brickken
BlockChainReporter8h ago
Ripple Plugs XRP Into $5 Trillion Banking Core
The Ripple DXC Hogan integration showcases collaboration between blockchain and established financial tech, enhancing cross-border payments and supporting stablecoin infrastructure while enabling a hybrid model in banking.
Coinfomania9h ago
Renaiss releases BETA 2.0 roadmap, launches AI sub-brand Auranaiss Intelligence, and kicks off the Hackathon
Renaiss Protocol released the BETA 2.0 roadmap on March 7th, announcing a comprehensive upgrade, the launch of the AI Laboratory Auranaiss Intelligence, and open-source capability modules. A Hackathon will be held in April to attract developers. The first ecosystem project, What's Your References, has begun testing, and a co-branded card pack has been launched in collaboration with Collector Crypt. Currently, it has accumulated 220,000 users and $4 million in trading volume.
GateNews10h ago
