Mars Finance reports that, according to market sources, Focus AI has 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 Korea’s first RWA tokenization exchange, currently supporting 23-hour digital trading of physical assets such as gold, silver, and platinum. Its participating KDX alliance recently received the preliminary license for the first-ever STO over-the-counter securities trading brokerage from the Korea Financial Services Commission (FSC). Focus AI plans to leverage this acquisition to integrate AI, payments, stablecoins, and digital wallet technologies to build the infrastructure for a Web3 payment platform and promote the development of RWA and STO businesses.
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Focus AI completes acquisition of Busan Digital Asset Exchange and becomes its largest shareholder
Mars Finance reports that, according to market sources, Focus AI has 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 Korea’s first RWA tokenization exchange, currently supporting 23-hour digital trading of physical assets such as gold, silver, and platinum. Its participating KDX alliance recently received the preliminary license for the first-ever STO over-the-counter securities trading brokerage from the Korea Financial Services Commission (FSC). Focus AI plans to leverage this acquisition to integrate AI, payments, stablecoins, and digital wallet technologies to build the infrastructure for a Web3 payment platform and promote the development of RWA and STO businesses.