Busan expands global blockchain city initiative with Cambodia

Busan Digital Asset Nexus (Bdan), Korea’s only exchange dedicated to real-world assets (RWA), signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC) Monday to export Busan’s “blockchain city” model. The exchange told The Korea Times that the agreement aims to share Bdan’s expertise in developing blockchain with the Cambodian government while laying the groundwork for substantive cooperation between the two parties. The signing ceremony was held at the exchange’s headquarters in Busan. It was attended by Bdan CEO Kim Sang-min and company executives, alongside SERC Chairman Sou Socheat and other officials. “We are pleased to mark the first step in exporting Busan’s digital finance and blockchain city model infrastructure overseas,” Kim said. “Busan will continue to play a leading role in driving digital transformation, not only across Asia but also in cities around the world, as a global hub for blockchain and digital finance.” The two sides will conduct joint research to explore the application of Busan’s blockchain city