Dunamu and Over 7 Firms Bid for South Korean Police Crypto Asset Custody Project

CoinFeed, June 24 – According to The Korea Economic Daily, at least seven companies, including Dunamu, the operator of South Korean crypto exchange Upbit, have submitted proposals to become the first private custodian for virtual assets seized by the South Korean National Police Agency. Other bidders include major custodians Korea Digital Asset (KODA), Korea Digital Asset Custody (KDAC), BDACS, Hecto Wallet One, Infinite Block, and DSRV. An official from a virtual asset custody institution explained that the selection results may be finalized next month. The official noted that in a previous pilot project for the National Tax Service, the winning bidder was determined within one to two weeks after the proposal presentation.