Blockchain Expertise Drives BDAX's Leadership Appointment

The Busan Digital Asset Exchange (BDAX) has appointed Kim Sang-min as its first CEO. BDAX is a decentralized, fourth-generation blockchain exchange that aims to become a tokenization trading platform for real assets. Kim, a professor at Pusan National University of Foreign Studies and former chairman of the Busan Digital Asset Exchange Promotion Committee, brings a deep understanding of the blockchain industry to the role. The BDAX is supported by the Busan Metropolitan Government and aims to contribute to the city's goal of becoming a global blockchain hub.

Does the Corporate Board of Directors Understand Blockchain?

The Busan Digital Asset Exchange (BDAX) has appointed Kim Sang-min as its first CEO. Kim's background in blockchain policy advising and regulatory expertise has impressed the board of directors. The board believes that Kim's leadership will be instrumental in driving the exchange's success in the burgeoning blockchain industry.

Trading Tokens Based on Real Assets

BDAX aims to become a tokenization trading platform specializing in real assets like precious metals, raw materials, and carbon credits. The exchange plans to expand into a comprehensive platform handling digital assets such as token securities and NFTs in the future.

Decentralized and Secure Technology

BDAX will leverage Busan's blockchain regulation-free zone status to protect its transaction products with decentralized fourth-generation blockchain technology. Unlike private exchanges, BDAX emphasizes transparency and reliability by separating deposit settlement, listing evaluation, and market monitoring functions to safeguard investor interests.

Leading Busan's Blockchain Infrastructure

According to Kim Hyo-kyung, Busan's financial blockchain officer, BDAX is not merely a profit-making entity but a key player in advancing Busan's blockchain infrastructure. The exchange aims to establish Busan as a global leader in blockchain technology.

Creating a Global Blockchain Hub

CEO Kim Sang-min envisions BDAX as a catalyst for enhancing citizens' daily lives and positioning Busan as a global blockchain city and a digital finance hub. He believes that the exchange will harness cutting-edge technology to drive Busan's transformation.

Upcoming Milestones

BDAX plans to establish a corporation next month and commence operations in October after finalizing its organizational structure and systems. The exchange's launch is highly anticipated, as it is expected to play a pivotal role in Busan's blockchain ecosystem and the broader digital asset landscape.