PANews reported on February 27th that Focus AI has completed the final payment for its acquisition of the Busan Digital Asset Exchange. Focus AI now holds a 40.PANews reported on February 27th that Focus AI has completed the final payment for its acquisition of the Busan Digital Asset Exchange. Focus AI now holds a 40.
Focus AI completes its acquisition of the Busan Digital Asset Exchange and becomes its largest shareholder.
PANews reported on February 27th that Focus AI has completed the final payment for its acquisition of the Busan Digital Asset Exchange. Focus AI now holds a 40.61% stake, officially becoming its largest shareholder and gaining operational control. The Busan Digital Asset Exchange is South Korea's first RWA tokenized exchange, currently supporting 23-hour digital trading of seven precious metals, including gold, silver, and platinum. The KDX consortium, in which Focus AI participates, recently received the first preliminary license from the South Korean Financial Services Commission (FSC) for STO (Securities to Trade) over-the-counter (OTC) securities brokerage business. Through this acquisition, Focus AI plans to combine AI, payment, stablecoin, and e-wallet technologies to build Web3 payment platform infrastructure and promote the development of RWA and STO businesses.
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