City of Busan to establish digital assets exchange: Report

City of Busan to establish digital assets exchange: Report


According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets.

“Taking advantage of the strengths of Busan, such as the Busan International Film Festival, G-Star; [the exchange] will include tokenization of intellectual property rights in the film and game fields, as well as gold, precious metals, agricultural and livestock products, ships, real estate, etc.”

As told by the Busan Digital Asset Exchange Establishment Promotion Committee, the plan involves coordinating domestic financial companies and digital asset exchanges and building a transaction support system serving as the basis for the exchange.

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“The Busan Digital Asset Exchange has a decentralized fair exchange structure that is

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