PANews February 27 News, according to NEWSPIM, Focus AI announced the completion of the remaining payment for the acquisition of Busan Digital Asset Exchange. Focus AI ultimately acquired a 40.61% stake, officially becoming its largest shareholder and gaining operational control. Busan Digital Asset Exchange is South Korea’s first RWA tokenized exchange, currently supporting 23-hour digital trading of physical assets such as gold, silver, and platinum. The KDX alliance involved recently received the first preliminary license for OTC securities brokerage business for STOs issued by the Korea Financial Services Commission (FSC). Focus AI plans to combine AI, payments, stablecoins, and electronic wallet technology through this acquisition to build the infrastructure for a Web3 payment platform and promote the development of RWA and STO businesses.
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