KDAC became the first Polymesh node operator of Polymesh Association
On February 21, the Polymesh Association announced that KDAC became its first Polymesh node operator. It is reported that Korea Digital Asset Customer Co. (“KDAC”) is committed to extending the security-based token blockchain to South Korea.
Interpretation of this information:
The announcement made by the Polymesh Association on February 21, regarding KDAC becoming its first Polymesh node operator, signifies a significant step towards furthering the adoption of security token blockchain in South Korea. The Polymesh Association is an organization dedicated to developing the Polymesh blockchain, which specializes in security tokens for institutional investors.
KDAC is a digital asset platform in South Korea that focuses on providing digital asset custody services to financial institutions, family offices, and high net worth individuals. Its partnership with the Polymesh Association aims to extend Polymesh’s security-based token blockchain to South Korea.
The decision to partner with KDAC as the first Polymesh node operator can be interpreted as a strategic move by the Polymesh Association. It highlights the importance of South Korea as a growth market for blockchain technology, particularly in light of the recent push towards digitalization in the country’s financial sector.
Moreover, the partnership is a testament to KDAC’s reputation as a reliable and trustworthy digital asset platform in South Korea. KDAC offers secure custody solutions for a wide range of digital assets, including cryptocurrencies and security tokens. As a node operator, KDAC will now participate in the Polymesh network’s consensus mechanism, and validate transactions on the blockchain.
Overall, the partnership between the Polymesh Association and KDAC is expected to drive further adoption of security token blockchain in South Korea. With the country’s growing interest in digital assets and blockchain technology, the partnership presents a significant opportunity for expanding the use cases of security tokens in the financial sector.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/42724.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.