GK8 by Galaxy Named Custody Technology Provider for BDACS, Korea's Leading Regulated Institutional Custodian

Rhea-AI Summary

GK8 by Galaxy (TSX:GLXY) has been selected as the custody technology provider for BDACS, Korea's leading regulated institutional digital asset custodian. The partnership leverages GK8's Impenetrable Custody architecture, which includes the Impenetrable Vault, uMPC (Unlimited Multi-Party Computation), and Policy-Engine technologies.

The collaboration will enable BDACS to offer secure, compliant, and scalable custody services to Korean institutions, while also providing access to institutional staking through Galaxy's validator infrastructure and tokenization capabilities through GK8's Tokenization Wizard. This partnership expands Galaxy's presence in Korea, where it's developing institutional services including custody, staking, lending, and risk management, along with ETF infrastructure.

Positive

• Strategic expansion into the Korean institutional market through BDACS partnership
• Integration of multiple service offerings including custody, staking, and tokenization capabilities
• Enhancement of regulatory compliance through policy-driven architecture

Negative

• None.

Insights

Digital Asset Infrastructure Specialist

Galaxy expands in Korea as its GK8 custody unit secures BDACS partnership, strengthening institutional crypto presence in a key Asian market.

This partnership between Galaxy's GK8 and BDACS represents a strategic expansion in the Korean institutional digital asset market. GK8's selection provides BDACS with a comprehensive custody solution featuring the Impenetrable Vault, uMPC (Unlimited Multi-Party Computation), and a Policy-Engine that enables regulatory compliance tailoring. Beyond basic custody, this technology stack enables institutional staking through Galaxy's validator infrastructure and supports tokenization capabilities for assets like stablecoins.

The collaboration extends beyond mere technology provision - it represents Galaxy's broader strategy to develop a full suite of institutional services in Korea, including custody, staking, lending, and risk management, while simultaneously building ETF infrastructure and liquidity through Galaxy's global network. This comprehensive approach positions Galaxy to capitalize on the evolving Korean regulatory landscape for digital assets.

For Galaxy investors, this deal demonstrates the company's ability to leverage its GK8 acquisition to penetrate regulated institutional markets through local partnerships. Korea represents a significant opportunity as a technology-forward market with substantial institutional capital. By providing the underlying infrastructure to a regulated Korean custodian, Galaxy gains market entry while navigating regulatory complexities through a local partner, potentially accelerating adoption and revenue generation in the region while building on its existing partnership announced earlier this year.

BDACS standardizes its institutional platform on GK8's Impenetrable Vault, uMPC, and policy-driven orchestration

NEW YORK and SEOUL, South Korea, Sept. 10, 2025 /PRNewswire/ - GK8, a Galaxy company and institutional digital asset custody platform, today announced that BDACS, a leading regulated institutional digital asset custodian in Korea, has selected GK8 as its custody technology provider to power its institutional digital asset offering.

Through GK8's category-defining Impenetrable Custody architecture – featuring its Impenetrable Vault, uMPC (Unlimited Multi-Party Computation), and Policy-Engine that enables the platform to be tailored to meet regulatory requirements of each jurisdiction – BDACS will deliver secure, compliant, and scalable custody services to Korean institutions. The platform will also integrate with Galaxy's validator infrastructure to enable institutional staking, while also leveraging  GK8's Tokenization Wizard for the issuance and management of tokenized assets, including stablecoins and money market fund tokens.

This collaboration extends Galaxy's growing footprint in Korea. Together with BDACS, Galaxy is developing a full suite of institutional services – including custody, staking, lending, and risk management – while building ETF infrastructure and liquidity through Galaxy's global network. The partnership, announced earlier this year, is expected to gain momentum as the regulatory landscape in Korea continues to evolve.  

"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. "By choosing GK8, BDACS is giving its clients the strongest possible foundation – combining ironclad security with institutional-quality governance and full regulatory alignment."

"Our mission is to set the standard for institutional digital asset infrastructure in Korea," said Harry Ryoo, CEO at BDACS. "With GK8's custody technology, we can deliver the security, policy control, and operational efficiency our clients expect – while expanding access to institutional prime services like staking through Galaxy through battle-tested infrastructure."

About GK8 by Galaxy

GK8, a Galaxy (NASDAQ: GLXY) company, provides reliable and comprehensive self-custody technology for digital assets, enabling regulated self-custody, digital asset management, and token issuance. With its patented Impenetrable Vault and uMPC technology, GK8 empowers traditional financial institutions and crypto-native companies worldwide with the tools they need to navigate the digital asset economy with confidence. In a market where trust is an institution's most valuable asset, GK8 protects the institution's reputation by setting the highest standard for digital asset custody, paving the way for the mass adoption of digital assets. For more information, please visit https://www.gk8.io/.

About Galaxy

Galaxy (NASDAQ: GLXY) (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.

About BDACS

BDACS is the leading regulated digital asset custodian for institutions in Korea, providing secure, compliant, and innovative prime custody solutions that enable our clients to confidently navigate the evolving digital asset landscape. As the only regulated custodian with a strategic partnership with a top-tier commercial bank in Korea, BDACS is setting the benchmark for institutional-grade digital asset custody and comprehensive suite of services designed to meet the complex needs of institutional clients, offering tailored custody solutions, seamless trade settlement, and broad market access. With the most expansive and forward-looking capabilities in the industry, BDACS is shaping the future of digital asset custody—delivering the trust, security, and operational efficiency that institutions require to drive their digital asset strategies forward in Korea and globally. For more information, please visit https://www.bdacs.co.kr/en.

Disclaimer:
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FAQ

What services will GK8 by Galaxy provide to BDACS in Korea?

GK8 will provide its Impenetrable Custody architecture, including Impenetrable Vault, uMPC, and Policy-Engine technologies, enabling secure and compliant custody services for Korean institutions.

How does the BDACS partnership expand Galaxy's presence in Korea?

The partnership allows Galaxy to develop a full suite of institutional services in Korea, including custody, staking, lending, risk management, and ETF infrastructure through its global network.

What key features does GK8's custody technology offer to BDACS?

GK8's technology offers ironclad security, institutional-quality governance, regulatory alignment, and integration with Galaxy's validator infrastructure for institutional staking and tokenization capabilities.

Who are the key executives involved in the GK8-BDACS partnership?

The key executives are Lior Lamesh, Co-Founder & CEO at GK8 by Galaxy, and Harry Ryoo, CEO at BDACS.

What types of tokens can be managed through GK8's Tokenization Wizard?

GK8's Tokenization Wizard enables the issuance and management of tokenized assets, including stablecoins and money market fund tokens.