Galaxy Digital's GK8 to provide custody tech in Korea

Mr. Lior Lamesh reports GK8 BY GALAXY NAMED CUSTODY TECHNOLOGY PROVIDER FOR BDACS, KOREA'S LEADING REGULATED INSTITUTIONAL CUSTODIAN BDACS, a leading regulated institutional digital asset custodian in Korea, has selected GK8, a Galaxy Digital Inc. company and institutional digital asset custody platform, 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 multiparty 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 (exchange-traded fund) 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 and chief executive officer 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, chief executive officer 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 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. About Galaxy Digital Inc. Galaxy is a global leader in digital assets and data centre infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. The company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody and tokenization technology. In addition, Galaxy invests in and operates cutting-edge data centre infrastructure to power AI (artificial intelligence) and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the United States. The company is headquartered in New York, with offices across North America, Europe, the Middle East and Asia. We seek Safe Harbor.