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
GoPlus and Custos have reached a strategic partnership to promote the development of token locking services.
GoPlus and Custos establish a strategic partnership, with both parties deepening cooperation in token locking services and exploring new possibilities in on-chain asset management. Custos focuses on asset management innovation, while GoPlus provides security infrastructure and strategic support.
GateNews3m ago
Gate introduces Gate for AI, an all-in-one AI portal encompassing five key functions: CEX, DEX, wallets, news, and data.
Gate has launched Gate for AI, integrating CEX, DEX, wallets, and other features, supporting AI for market inquiries, market analysis, and trade execution. This system adopts a dual-layer capability structure, enhancing AI application efficiency and providing new infrastructure for AI participation in the digital asset market.
GateNews19m ago
Apollo Crypto will manage the USDC-pegged tokenized strategy mEVUSD
Apollo Crypto announces the launch of the mEVUSD tokenized yield strategy product, in collaboration with Everstake and Midas, aiming to generate returns from idle stablecoins. Apollo will be responsible for managing the portfolio and reducing market risk through DeFi protocols.
GateNews22m ago
Polygon Enables Stablecoin Payments at 150M Visa Merchants Worldwide
Oobit has announced support for Polygon, allowing users of the network to make stablecoin payments at 150 million merchants who accept Visa.
Oobit converts stablecoins into local currency, attracting a wide network of merchants who do not want to be paid in crypto.
Stablecoin payments via th
CryptoNewsFlash35m ago
ADA Is the New Swiss Grocery Money (137 Locations Live!)
The Cardano Foundation has launched a payment system allowing customers to use ADA in 137 SPAR supermarkets in Switzerland. This blockchain initiative reduces transaction costs for retailers, enhances payment efficiency, and promotes crypto adoption in everyday retail.
Coinfomania56m ago
U.S. publicly traded company CIMG signs a strategic agreement to acquire the core assets of DeFi protocol iZUMi Finance
CIMG Inc. has signed a strategic agreement with iZUMi Finance, planning to acquire its core patents and key assets to strengthen decentralized finance infrastructure and deepen liquidity market deployment. Additionally, CIMG will acquire $IZI tokens to participate in governance, enhancing capital efficiency.
GateNews1h ago
