TechFlow News, May 28: Busan Digital Asset Exchange announced that WeHub, the holding company of its largest shareholder, has signed an equity acquisition agreement with Korea Digital Exchange—the operator of Flybit—to expand its digital real-world asset trading platform, Bdan, into a virtual asset trading platform.
According to the disclosure, WeHub and its largest shareholder, Yang Jae-seok, plan to acquire 40% and 25% of Korea Digital Exchange’s shares, respectively; subsequently, they will seek majority control through capital increases. Busan Digital Asset Exchange stated that this move will strengthen its competitiveness as a Korean won trading platform and virtual asset service provider, underpinned by robust internal controls and anti-money laundering mechanisms.
