Galaxy Digital's GK8 to provide custody tech in Korea

Executive Summary

• BDACS, a leading regulated institutional digital asset custodian in Korea, has selected GK8 (a Galaxy Digital Inc. company) as its custody technology provider to power its institutional digital asset offering.
• The partnership leverages GK8’s proprietary custody architecture, including its impenetrable vault and uMPC technology, to provide secure, compliant, and scalable custody services tailored to Korean regulatory requirements.
• The collaboration extends Galaxy’s footprint in Korea, aiming to develop a full suite of institutional services including custody, staking, lending, risk management, and ETF infrastructure.

Key Details

• Parties Involved: BDACS (Korea’s leading regulated institutional digital asset custodian) and GK8 by Galaxy (institutional digital asset custody platform).
• Technology Integration:
  • GK8’s "impenetrable vault" architecture.
  • uMPC (unlimited multiparty computation) and policy engine, enabling customization for specific jurisdictional regulatory requirements.
  • Integration with Galaxy’s validator infrastructure to enable institutional staking.
  • Utilization of GK8’s tokenization wizard for the issuance and management of tokenized assets, including stablecoins and money market fund tokens.
• Strategic Goals:
  • Deliver secure, compliant, and scalable custody services to Korean institutions.
  • Build ETF infrastructure and liquidity through Galaxy’s global network.
  • Develop a full suite of institutional services: custody, staking, lending, and risk management.
• Context: This partnership builds on an announcement made earlier in the year and is expected to gain momentum as the regulatory landscape in Korea evolves.

Notable Quotes

• Lior Lamesh, Co-founder and CEO at GK8 by Galaxy: "Institutions in Korea are demanding custody technology that is both secure and built for scale... By choosing GK8, BDACS is giving its clients the strongest possible foundation -- combining ironclad security with institutional-quality governance and full regulatory alignment."
• Harry Ryoo, CEO at BDACS: "Our mission is to set the standard for institutional digital asset infrastructure in Korea... 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."