Busan Digital Asset Exchange Joins Beatoz Network as Validator... Strengthening RWA and STO Infrastructure

Kim Sangmin, CEO of Bidan (left), and Lee Sangguk, CEO of Bitoz Korea (right), are shaking hands to commemorate the validator contract.

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With the recent passage of the amendments to the Electronic Securities Act and the Capital Markets Act, the security token offering (STO) market is taking off, accelerating competition to build digital financial infrastructure for the distribution of real-world assets (RWA). Amid this trend, domestic digital asset distribution platforms and blockchain technology foundations are strengthening their cooperation frameworks for practical network operations.

The BEATOZ Foundation announced on the 29th that Busan Digital Asset Exchange (BDAN, hereafter referred to as Bidan) has signed a formal agreement to join the Beatoz Network as a validator.

This contract is the result of extensive technology verification and business feasibility reviews, building upon the blockchain technology partnership (MOU) previously signed between the two companies. Through this agreement, Bidan will directly participate in transaction validation and block generation on the Beatoz Network, securing a specialized infrastructure for the distribution of real-world asset tokenization (RWA) and security tokens (STO).

Bidan started as a non-securities digital product exchange and has built its foundation for RWA trading by acquiring the real-world asset trading platform ‘Sengold.’ After the amendments to the Electronic Securities Act and the Capital Markets Act passed the National Assembly plenary session in January this year, marking the full-fledged opening of the STO market, Bidan joined the KDX consortium and was selected as Korea’s first preliminary STO over-the-counter exchange operator, thereby expanding its business scope to include STO. Upgrading infrastructure to cover both RWA and STO has become essential at this point.

The decisive reason Bidan chose Beatoz as its infrastructure partner lies in its ‘hybrid blockchain’ architecture. This combines a public domain, which ensures liquidity in asset trading, with a private domain, which supports the protection of customer information in accordance with financial regulations. This structure provides strong advantages for responding effectively to increasingly strict domestic and international digital asset regulations in the future.

With Bidan’s participation, Beatoz now has a value chain linking the financial sector (issuance), Beatoz (infrastructure), and Bidan (distribution), thereby expanding the implementation scope of its ‘Web 3.0 open platform’ strategy. Once STO assets begin full-scale distribution, it will become possible for investment, profit receipt, and real-life payments through stablecoins to circulate within a single ecosystem.

Kim Sangmin, CEO of Bidan, stated, “Following continuous technology verification after the MOU, we have finalized the integration with the Beatoz Network, allowing us to respond flexibly to changes in global regulations and the opening of the STO market. We aim to establish ourselves as a core platform connecting domestic and international asset liquidity by creating a highly reliable RWA and STO trading environment.”

Lee Sangguk, CEO of Bitoz Korea Corporation, commented, “A practical value chain has been established, linking high-quality financial assets with Bidan’s distribution network and Beatoz’s infrastructure. We will build the Web 3.0 open platform ecosystem step by step and set a new standard for digital finance.”

This collaboration, which combines the credibility of institutional finance with the technological flexibility of hybrid blockchains, is expected to become a significant milestone in Korea’s early-stage STO and RWA markets by simultaneously enhancing user protection and trading efficiency.

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