Korean custodian BDACS selects GK8 as digital asset technology provider

SEOUL/NEW YORK - BDACS, a regulated institutional digital asset custodian in Korea, has selected GK8 as its custody technology provider to power its institutional digital asset services, according to a press release issued Wednesday. GK8’s parent company Galaxy (NASDAQ:GLXY) (TSX:GLXY) has seen remarkable momentum recently, with its stock surging over 110% in the past six months and maintaining strong institutional interest with nearly 1 million shares traded daily.

GK8, a Galaxy company, will provide BDACS with its Impenetrable Vault, uMPC (Unlimited Multi-Party Computation), and policy-driven orchestration platform. The technology will enable BDACS to deliver secure and compliant custody services to Korean institutions while meeting local regulatory requirements.

The platform will integrate with Galaxy’s validator infrastructure to enable institutional staking and will use GK8’s Tokenization Wizard for managing tokenized assets, including stablecoins and money market fund tokens.

"Institutions in Korea are demanding custody technology that is both secure and built for scale," said Lior Lamesh, Co-Founder & CEO at GK8 by Galaxy.

Harry Ryoo, CEO at BDACS, stated, "With GK8’s custody technology, we can deliver the security, policy control, and operational efficiency our clients expect."

This collaboration expands Galaxy’s presence in Korea, where the companies are developing institutional services including custody, staking, lending, and risk management. They are also building ETF infrastructure and liquidity through Galaxy’s global network. With a substantial market capitalization of over $10 billion and annual revenue exceeding $3.2 billion, Galaxy continues to strengthen its position in the digital asset infrastructure space. InvestingPro analysis reveals multiple growth indicators for Galaxy, with 15+ additional insights available to subscribers.

BDACS describes itself as the only regulated custodian with a strategic partnership with a top-tier commercial bank in Korea. The company aims to provide institutional clients with tailored custody solutions, trade settlement, and market access.

Galaxy (NASDAQ:GLXY) (TSX:GLXY) is a digital assets and data center infrastructure company that offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. According to InvestingPro data, analysts maintain a bullish outlook on the stock with a consensus recommendation of 1.46, and the company currently appears undervalued based on InvestingPro’s Fair Value analysis. Get access to Galaxy’s complete financial health assessment and growth potential through InvestingPro’s comprehensive research report, available alongside 1,400+ other detailed company analyses.

In other recent news, Galaxy Digital Inc. has announced several significant developments. The company has launched the first SEC-registered tokenized equity shares, enabling stockholders to tokenize and hold their shares on a blockchain through a partnership with Superstate. Additionally, Galaxy Digital secured a $1.4 billion project financing facility to fund the expansion of its Helios datacenter campus in West Texas, which will support AI and high-performance computing operations in collaboration with CoreWeave Inc.

In another move, Galaxy Digital has expanded its partnership with Soluna Holdings for a 48 MW deployment at Soluna’s Project Kati 1 in Texas, set to become operational in Q1 2026. The firm has also appointed Matt Friedrich as Chief Legal Officer, effective September 8, 2025, to oversee global legal and compliance matters. Furthermore, a strategic partnership with Mill City Ventures III has been established, where Galaxy Digital will manage Mill City’s $450 million SUI treasury, marking the largest SUI treasury on public markets.

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