ChainCatcher news, the head of the committee for the Busan Digital Asset Exchange in South Korea stated that the exchange is expected to launch in the second half of the year, supporting Security Token Offerings (STO) and virtual asset trading. It was mentioned that to avoid conflicts of interest, the Busan Exchange will separate custody and settlement processes, and the listing review will also be conducted separately.Previously reported, in December last year, Busan City in South Korea announced plans to build a blockchain-based decentralized digital goods exchange this year, covering tokenized trading of movies, game IPs, precious metals, agricultural and livestock products, ships, real estate, and more, with plans to start operations within this year. (Yonhap News)

ChainCatcher news, according to the Korea Daily Economic News, the Busan Digital Asset Exchange will be launched next year, with the "Busan Digital Asset Exchange Establishment Promotion Committee" starting on the 19th. This committee, composed of 15 experts from industry and academia, will play a practical role in implementing the establishment plan for the exchange. At the same time, Busan City plans to establish a holding company for the exchange in the first half of next year and a market management agency in the second half, aiming to start providing services by the end of next year.It is reported that Busan City in South Korea has signed a cooperation agreement with Binance, Huobi, Crypto.com, and Gate.io regarding the establishment of the Busan Digital Asset Exchange. (source link)