Focus AI completes acquisition of Busan Digital Asset Exchange

Focus AI has completed its acquisition of the Busan Digital Asset Exchange (Bdan), concluding a process that began last December, Newspim reported. The company announced on Feb. 27 that it had made the final payment, securing a 40.61% stake to become the largest shareholder. Bdan is South Korea's first real-world asset (RWA) tokenization exchange, with ITcen Global holding an approximate 19% stake. Through the acquisition, Focus AI plans to expand its digital asset infrastructure business, including RWA, security token offerings (STO), and stablecoin-based payment and settlement services.