Executive Summary
South Korea’s dynamic digital asset market presents a ripe opportunity for a Bitcoin treasury company that can manage its own Bitcoin holdings while offering treasury and custodial services to corporations, family offices, government entities, and eventually retail investors. This business plan outlines a comprehensive strategy encompassing regulatory compliance, risk management, operations, and go-to-market approach tailored to the South Korean context. Recent developments – such as Bitplanet’s launch of a ₩53 billion ($40M) Bitcoin treasury and Parataxis Korea’s pivot into Bitcoin reserves – underscore growing institutional interest . With South Korea’s Virtual Asset User Protection Act (VAUPA) coming into force in 2024–2025, the regulatory framework is maturing to support institutional crypto adoption . Our company will leverage this favorable momentum, adhering to compliance requirements while implementing robust security and treasury practices. The goal is to establish a trusted, institutional-grade Bitcoin treasury platform that benefits both our shareholders and clients, positioning South Korea as a leader in corporate Bitcoin adoption .
Market Opportunity in South Korea
South Korea boasts one of the world’s most engaged crypto investor bases, with nearly 9.7 million registered virtual asset trading users by end of 2024 . The domestic market’s capitalization surged to ₩107.7 trillion in H2 2024 , reflecting accelerating growth and mainstreaming of digital assets. However, until recently, crypto activity was dominated by retail investors – institutional participation was limited by unclear regulations. This is changing rapidly: in Q3 2025, regulators plan to enable publicly listed companies and professional investors to trade crypto under real-name accounts, bolstering market liquidity and confidence .
Several pioneering Korean firms have already embraced Bitcoin as a treasury asset. For example, gaming giant WEMADE added 223 BTC (₩34 billion) to its balance sheet in 2024 , citing Bitcoin’s long-term value as a store of value and hedge against fiat currency risk . Bitplanet, launched in 2025 through a corporate rebranding, committed $40M to Bitcoin and aims to offer institutional-grade custody and asset management services . Likewise, Parataxis Holdings acquired a KOSDAQ-listed company to establish South Korea’s first institutionally backed Bitcoin treasury company, highlighting a trend of corporate Bitcoin strategies inspired by global examples like MicroStrategy . These developments indicate strong demand for a dedicated service provider to facilitate and manage Bitcoin treasuries in compliance with Korean regulations.
Client Segments & Needs: Our target clients and their motivations include:
- Corporations (Public and Private): Seeking diversification of cash reserves into Bitcoin as an inflation hedge and strategic reserve asset . They require guidance on investment policy, secure custody, and accounting/audit compliance for digital assets. Regulatory clarity now allows corporates to hold and trade crypto under proper oversight .
- Family Offices & HNW Individuals: Interested in long-term wealth preservation and high-growth assets. They need custody solutions, risk management, and concierge services for acquiring and safekeeping Bitcoin. Privacy and compliance (e.g., tax reporting) are key concerns.
- Government & Institutions: While direct government investment in Bitcoin is currently limited, some institutions may need services (e.g., secure custody of seized or donated crypto assets by tax authorities or non-profits). As regulations evolve, quasi-government funds or pension entities could explore small allocations. These clients demand extreme security, regulatory compliance, and perhaps partnerships with bank-grade custodians.
- Retail Investors (Long-term potential): In the future, the company could offer simplified Bitcoin treasury products (like trusts or funds) to accredited or retail investors if regulations permit. This would require user-friendly platforms and stringent consumer protection measures.
Business Model & Services Overview
Our company will operate as both a principal investor in Bitcoin and a service provider for clients: we maintain an in-house Bitcoin treasury on our balance sheet, and leverage that expertise to offer treasury management services to clients. Core services include:
- Bitcoin Treasury Management for Clients: Advising and executing on Bitcoin acquisition strategies for client treasuries. We assist corporates and family offices in allocating a portion of their reserves to Bitcoin, including market entry (trading execution), treasury policy development, and portfolio reporting. For example, we might help a client implement a 5% Bitcoin allocation strategy over 12 months via dollar-cost averaging, and provide quarterly reports on performance and risk metrics.
- Secure Custody Solutions: Providing custodial services for clients’ Bitcoin holdings, with options for self-custody versus third-party custody. Clients can choose to entrust us as custodian or maintain control via multi-signature wallets we help set up. In either case, we implement institutional-grade security (detailed in a later section). The custody service includes segregation of client assets from company assets to comply with Korean law , and insurance coverage to protect against theft or cyber breaches .
- Treasury Operations & Yield Management: For our own treasury (and for clients where appropriate), we manage Bitcoin holdings to optimize returns while controlling risk. This may involve intelligent cold storage vs. hot wallet allocation, lending a portion of assets for yield (if market conditions and regulations allow), or using conservative derivatives to hedge volatility. All such activities will be transparent and within a strict risk framework.
- Consulting & Education: Many institutions are new to crypto; we offer educational workshops for finance teams and tailored consulting on topics like tax treatment, accounting for Bitcoin (K-IFRS guidelines), and regulatory compliance. This builds trust and positions our company as a thought leader in Bitcoin treasury management in Korea.
- Future Financial Products: As we scale, we plan to develop Bitcoin-based financial products – for example, Bitcoin-backed credit lines for corporates, or index products – aligning with what Bitplanet described as “new bitcoin-based financial products” on their roadmap . These would be launched in collaboration with regulated financial partners once appropriate licensing is secured.
Regulatory & Compliance Strategy
Operating in South Korea’s financial market necessitates strict adherence to local regulations. Our compliance strategy will ensure we meet or exceed all requirements set by the Financial Services Commission (FSC) and the Korean Financial Intelligence Unit (KoFIU):
- VASP Registration & Licensing: We will register as a Virtual Asset Service Provider (VASP) under the Act on Reporting and Using Specified Financial Transaction Information . This involves obtaining an Information Security Management System (ISMS) certification from KISA , and securing a partnership with a local bank for real-name customer accounts . By law, all VASPs must provide customers with real-name bank accounts linked to the same bank and report company and account details to KoFIU . We have initiated discussions with leading banks to fulfill this requirement early – a critical step, as operating without an authorized bank account can incur heavy penalties .
- Customer Asset Protection: In compliance with the new VAUPA, client assets will be segregated from our corporate assets and held either in trust or in dedicated wallets . We will implement secure custodial systems and maintain insurance coverage for cybersecurity incidents as mandated . For instance, if we hold 100 BTC for clients, those will reside in separate vault accounts with detailed records, and an insurance policy (from a reputable insurer) will cover losses from hacks or internal fraud up to a certain limit.
- Anti-Money Laundering (AML) and KYC: Robust AML/KYC procedures will be instituted, following a risk-based approach. Every client (whether a corporation or individual) will undergo customer due diligence, including verification of identity, source of funds, and intended purpose of Bitcoin transactions. This aligns with South Korea’s enhanced AML standards under VAUPA . Large transactions (over ₩10 million) will be reported per regulatory requirements . We will also comply with the FATF Travel Rule for crypto transfers above ₩1 million – collecting and transmitting required sender/recipient information with each transfer . We plan to integrate with the domestic Travel Rule solution (e.g., CODE) used by major exchanges, ensuring seamless compliance when moving funds between platforms.
- Regulatory Reporting & Audits: Regular reports will be submitted to authorities as required, and we will keep 15-year records of transaction data in line with Korean guidelines for VASPs . We will invite annual third-party audits of our security, finances, and controls – potentially by a Big Four audit firm – to obtain certifications (e.g., SOC 2 for security) that build trust with institutional clients. The Act for Protection of Virtual Asset Users gives regulators broad powers to inspect and sanction; we aim to foster a cooperative relationship with regulators through transparency and proactive compliance.
- Future Regulatory Developments: We will stay agile to adapt to new laws, such as the anticipated Virtual Asset Basic Act (expected around 2025) aimed at further legitimizing crypto in Korea . Our legal counsel (partnering with top fintech law firms like Shin & Kim, which advised similar ventures ) will continuously monitor and guide us on compliance with any new licensing (for example, if a separate trust or custody license becomes required). By aligning with the FSC’s push for “same activity, same risk, same rules” parity , we ensure our internal standards match those of traditional financial institutions.
Risk Management & Security Protocols
Risk management is at the core of our operations, given Bitcoin’s volatility and the irreversible nature of blockchain transactions. We address financial risk, operational/security risk, and regulatory risk as follows:
- Financial Risk & Capital Allocation: Bitcoin’s price volatility can impact treasury values. We mitigate this by setting conservative allocation limits and using a staged investment approach. For example, as a startup we might allocate 50% of our seed capital into Bitcoin and keep 50% in fiat as a buffer for operating expenses and volatility. We avoid leverage entirely (emulating Bitplanet’s “debt-free” strategy to avoid overexposure ) and maintain healthy fiat reserves to cover at least 18 months of operating costs without needing to liquidate BTC holdings at an inopportune time. If needed, we will utilize hedging instruments (such as Bitcoin futures or options) to smooth out short-term volatility for our treasury or a client’s position – always under strict oversight and for protective purposes only (no speculation). A formal Treasury Policy will govern these decisions, requiring committee approval for large trades or for lending any portion of holdings. We also conduct scenario stress tests (e.g., simulate a 50% drawdown in BTC price) to ensure the company can withstand crypto market cycles.
- Custody & Key Management Security: Custody of digital assets is the most critical operational risk. We implement a multi-layer custody solution:
- Self-Custody (Multi-Signature): For a portion of holdings, we use multi-signature wallets (e.g., requiring 3-of-5 keys to authorize a transaction). Keys are stored on hardware devices (Ledger, Trezor, or Korean HSM solutions) kept in geographically separate secure vaults. Key shards are distributed among trusted executives or board-appointed guardians, with procedures in place for redundancy and emergency key recovery. No single person ever has enough keys to move funds unilaterally, eliminating single-point failure.
- Third-Party Custody: For additional security and compliance, we partner with reputable custodians. In Korea, options include KODA (Korea Digital Asset) – backed by Kookmin Bank – and KDAC (Korea Digital Asset Custody) – backed by Shinhan and other financial institutions. These custodians provide bank-grade security (e.g., Haechi Labs technology in KODA for institutional custody ) and connectivity to insured cold storage. By leveraging such partners for a portion of client assets, we can reassure conservative institutions (and government clients) that their Bitcoin is held under the auspices of a regulated financial heavyweight. We will perform due diligence and potentially use a multi-custodian approach (spreading assets across self-custody and at least one third-party custodian) to diversify custodial risk.
- Operational Security Protocols: All internal systems and personnel practices follow strict security policies. This includes multi-factor authentication on all systems, background checks for employees, principle of least privilege for system access, and 24/7 monitoring of wallets. We use advanced wallet management software (e.g., MPC-based custody platform like Fireblocks or an equivalent) that ensures no single machine or individual can execute unauthorized transfers – Multi-Party Computation (MPC) can split signing authority among multiple servers to remove single points of compromise . Every outgoing transaction triggers an approval workflow: e.g., for large transfers, at least two senior officers and one compliance officer must review and sign off digitally. All transactions are logged and subject to periodic reconciliation audits.
Figure: Illustration of secure digital asset custody – global network with cryptographic locks (representing multi-layer security controls).
- Insurance and Contingency Planning: As noted, we carry cybersecurity insurance to cover losses from events like hacking or catastrophic key loss . We also establish an emergency response plan: in case of a security breach, we have pre-arranged support from cybersecurity firms and will immediately notify regulators and clients per incident response guidelines. Our business continuity plan includes maintaining offline backups of critical data (encrypted and stored securely) and procedures to rapidly freeze movements of assets if suspicious activity is detected. We will periodically conduct penetration tests and “red team” exercises to probe our defenses, and address any findings promptly.
- Regulatory Risk: The evolving regulatory landscape is handled by continuous monitoring and engagement. Our compliance team and legal advisors track all announcements from the FSC, KoFIU, and National Assembly. By participating in industry associations or forums, we aim to be part of the conversation in shaping sensible regulations. Adhering to market conduct rules (no insider trading, no market manipulation as explicitly required by VAUPA ) is part of our corporate ethics. Should regulations tighten (for example, new capital requirements for custody providers), we have a capital reserve ready and a flexible business model to adjust (e.g., spinning off certain activities into a licensed subsidiary if needed).
Operations & Infrastructure
To execute our business model efficiently and scalably, we invest in a robust operational infrastructure and technology stack:
- Technology Stack: At the core is a Treasury Management Platform that provides a unified dashboard for monitoring our assets and client portfolios, executing trades, and managing compliance. We plan to utilize or build upon an enterprise-grade solution. For instance, Fireblocks or similar platforms offer an integrated suite: multi-asset support, portfolio view, connectivity to exchanges, Fiat on/off ramps, and internal controls for moving assets . This saves development time and offers proven security such as MPC for key management . We will integrate this with our own interfaces to allow clients to view their holdings and reports on-demand (with read-only access, given security). On top of this, we use standard accounting software (adapted for crypto accounting standards) and CRM tools to manage client relationships.
- Custody Infrastructure: As described, our custody setup is hybrid. We will maintain secure on-premise or cloud HSMs for our keys (with geo-redundancy across data centers in Seoul and Busan for disaster mitigation). For third-party custody, we integrate via API with custodian platforms (KODA’s system, for example, offers connectivity to OTC exchanges which can facilitate liquidity). We may also run our own Bitcoin nodes for network monitoring and to ensure accurate data (addresses, confirmations) – running a Bitcoin Core node improves security and self-reliance. For any on-chain interactions, we implement allowlisted addresses and smart transaction policies (e.g., limiting daily withdrawal totals) to minimize risk.
- Compliance & Monitoring Tools: To fulfill AML obligations, we deploy blockchain analytics and compliance software. Tools like Chainalysis or Elliptic will be used to screen Bitcoin addresses and transactions for any links to illicit activities (Know-Your-Transaction, KYT). This ensures we do not accept tainted funds and can file Suspicious Activity Reports if needed. We will also use a Travel Rule solution – possibly integrating with the Korean “CODE” system used by exchanges or a global solution – that automatically attaches required sender/receiver data to any transfers above the ₩1M threshold . An internal transaction monitoring system will flag unusual patterns (e.g., sudden large withdrawals or deposits outside a client’s normal profile) for compliance review.
- Partnerships Ecosystem: Building strong partnerships is essential for our operations:
- Banking Partner: As noted, a bank partner is required for real-name accounts. We aim to partner with a forward-looking bank (e.g., one of the banks already active in crypto custody such as Kookmin KB or Shinhan). This partnership not only satisfies regulatory requirements , but can provide us with secure fiat handling, stable banking services, and credibility. For instance, client funds in KRW intended for Bitcoin purchase would be held in segregated accounts at this bank until conversion, ensuring trust.
- Exchanges and Liquidity Providers: We will connect with both domestic exchanges (like Upbit, Bithumb) and international liquidity providers to execute Bitcoin trades at the best price. Having multiple exchange integrations helps source liquidity for large orders with minimal slippage. For very large institutional buys, we may use OTC desks (some run by the major exchanges or global firms) to avoid moving the market. Our exchange integrations will comply with the required real-name and reporting setup for institutional accounts as that framework rolls out in late 2025 .
- Legal and Compliance Advisors: We will formalize partnerships with legal firms experienced in crypto (for example, Shin & Kim LLC, which has been involved in crypto advisory , or Dentons Lee for global perspective). They will assist with licensing, drafting terms & conditions, and keeping our policies updated with the law. Additionally, we will engage consultants for specialized areas like tax (to ensure our clients get proper tax guidance on holdings and any gains).
- Audit and Assurance: In addition to internal controls, we may partner with an audit firm (such as Deloitte, which was involved in advising a recent Bitcoin treasury deal ) to conduct annual audits of our reserves and security. This could include proof-of-reserve attestations to show clients (and regulators) that all Bitcoin we hold on behalf of clients is fully accounted for on-chain, matching our liability records. Such transparency will be a market differentiator in building trust.
- Insurance Providers: We will partner with insurance brokers/underwriters familiar with digital asset coverage (e.g., Samsung Fire & Marine or global insurers like Lloyd’s that have crypto policies). The insurance will cover cold storage (often up to a certain limit per wallet) and possibly a separate policy for directors & officers in case of legal risks. Maintaining insurance not only manages risk but is now a regulatory expectation in Korea for VASPs .
- Team & Processes: Initially, we operate as a lean startup with key personnel wearing multiple hats but following clearly defined processes (detailed in an Operational Playbook document). Key team roles at startup phase include: a Chief Investment Officer (CIO) overseeing treasury strategy, a Head of Custody/Security (typically a CTO role) overseeing technical infrastructure, a Compliance Officer (MLRO) handling regulatory compliance and reporting, and a Business Development Lead driving client acquisition. As we scale, teams will specialize and grow (separate departments for trading, custody operations, customer service, etc.). We will create a Risk & Compliance Committee at the Board level from inception to review all major risk decisions regularly. All operations – from how to initiate a trade, to how to perform wallet backups – are codified in SOPs (Standard Operating Procedures) so that the company can maintain consistency and control even as new staff join.
Growth Roadmap & Scale-Up Plan
We envision growth in phases, with milestones tied to capital raises, client acquisition, and regulatory clearance. Below is the scale-up path from a seed-stage startup to an institutional-scale enterprise:
| Phase | Stage & Capital | Key Objectives & Milestones | Operational Focus |
| Phase 1: Launch | Seed Round (e.g., ₩5-10 billion) | – Company formation and VASP registration- Secure bank partnership and ISMS certification – Deploy initial corporate BTC treasury (e.g., buy first ₿100 gradually)- Build core team (5-10 people) and MVP of treasury platform | Focus: Compliance setup, core infrastructure, first pilot clients. We may onboard 1-2 friendly clients (e.g., a known startup or family office) to test our service with small allocations. Emphasis on establishing security protocols and internal workflows. |
| Phase 2: Growth | Series A (e.g., ₩20-30 billion) | – Expand client base (onboard 5-10 corporate/family office clients)- Launch full custody service with multi-sig and partner custodian options- Obtain additional licenses if needed (e.g., investment advisory license to manage client funds professionally)- Begin generating revenue from management fees or trading spreads | Focus: Scaling operations – hire dedicated staff for client support, trading, and tech. Implement advanced automation in monitoring and reporting. Strengthen compliance team for increased KYC/KYT workload. At this stage, we also establish formal insurance coverage and start external auditing for credibility. |
| Phase 3: Institutional Scale | Series B+ or Strategic Partnerships (₩50+ billion, possibly bank or fintech strategic investors) | – Onboard government-related clients or larger institutions as regulations permit (e.g., manage Bitcoin donations for a university or work with a public fund on a pilot crypto investment)- Develop new financial products (e.g., a Bitcoin fund or structured product) in collaboration with partners- Achieve ₿ holdings in the thousands (our own + clients), positioning among top Asia Bitcoin treasuries- Pursue international expansion (offer services to foreign firms operating in Korea or vice versa, complying with cross-border rules) | Focus: Institutionalization – refine governance structure (independent board members, risk committee), upgrade IT infrastructure for high throughput (possibly deploy redundancies, disaster recovery sites). At this stage, we seek certifications and ratings that larger clients expect (e.g., ISO/IEC 27001 for info security). We also deepen partnerships – possibly white-label our platform for banks or team up to co-launch a Bitcoin ETF if regulations allow. |
Each phase builds on the previous, with risk management scaling in tandem. For instance, as assets under management grow, we may move from basic multi-sig to more sophisticated custody tech (like dedicated Hardware Security Modules in bank vaults or migrating more holdings to insured bank custodians). We continuously revisit our capital allocation: in early phases, a higher proportion of capital is allocated to operational growth; by Phase 3, as the business stabilizes, a larger portion of equity capital can be held in Bitcoin (much like MicroStrategy’s strategy of using corporate funds to accumulate BTC , adjusted for our context).
Financial Projections: Revenue streams include management fees (for custody/treasury services charged as a percentage of assets or a flat fee), trading fees or spreads on execution, and consulting fees. Initially, revenue will be modest, reinvested into growth. By Phase 3, with potentially hundreds of billions of KRW equivalent in assets under management, even a 0.5% annual fee could yield significant revenue to sustain operations. We will ensure the business remains adequately capitalized – retaining earnings and raising funds as needed – to meet any reserve fund requirements regulators might impose on custodians and to inspire confidence from clients that we can withstand market downturns.
Marketing & Go-to-Market Strategy
Acquiring corporate and institutional clients in this emerging niche requires a targeted, trust-building approach. Our marketing and outreach plan includes:
- Thought Leadership & Education: We will publish high-quality research reports and guides (for example, a whitepaper on “Bitcoin as a Treasury Asset – A Playbook for Korean CFOs”). By referencing successful case studies like WEMADE’s treasury strategy and global best practices (e.g., Fidelity’s insights on corporate BTC allocations ), we position our firm as the go-to expert. Hosting webinars and workshops in collaboration with industry groups (such as the Korean Fintech Association or Chamber of Commerce) allows us to educate finance executives on topics like regulatory compliance when holding crypto, and showcases our expertise.
- Industry Events & Networking: We will have a presence at major fintech and blockchain events in Korea and Asia. For example, sponsoring or speaking at Blockchain/Bitcoin conferences in Seoul (as Bitplanet announced their launch at Bitcoin Asia 2025 ) can directly reach our target audience. We’ll highlight our security setup and regulatory compliance focus as key differentiators in these forums. Additionally, we plan private roundtable events for CFOs and family office managers, creating a space for peer discussion on digital asset treasury management – subtly positioning our services as the turnkey solution.
- Strategic Partnerships for Client Referrals: Leveraging partnerships can accelerate client acquisition. Banks that we partner with might refer corporate customers who express interest in crypto. Accounting firms and auditors could also refer clients when those clients broach how to handle digital assets on their balance sheet. We will set up a referral program and co-marketing agreements where possible (ensuring compliance with any financial promotion regulations). For instance, if a major bank has SME clients exploring Bitcoin investments, our service could be pitched as an extension of the bank’s custody offerings, with us handling the crypto side.
- Brand Trust and Credibility: Building a strong brand is vital in the financial sector. Our branding will emphasize security, compliance, and local expertise. All marketing materials will stress that we are a Korea-based company complying with Korean laws, using bank-grade security and backed by credible investors/advisors. Early on, securing an endorsement or case study from a flagship client (for example, if we manage a pilot Bitcoin treasury for a midsize Kospi-listed company or a well-known family office) will provide social proof. Press releases about such partnerships or milestones (e.g., “Company X Implements Bitcoin Treasury via [Our Company]”) will be pitched to mainstream business media (Korea Economic Daily, Yonhap, etc.).
- Digital Marketing to Niche Audiences: While direct advertising to retail is not our first focus, we will maintain a strong digital presence – a content-rich website, thought leadership articles on LinkedIn, and targeted campaigns on professional networks. For instance, a series of LinkedIn articles on “Crypto Risk Management for Corporate Treasurers” can attract our target readers. SEO efforts will ensure that when someone searches “Bitcoin treasury management Korea”, our content and case studies appear prominently.
- Government and Institutional Outreach: For potential government or public institution clients, direct marketing is less appropriate; instead, we will engage via government relations and public sector tenders. This means ensuring we’re qualified and registered in any procurement lists for digital asset services. Should Korean authorities consider outsourcing custody of seized crypto assets or need advisory on state-run crypto initiatives, we will proactively present our capabilities. Being known as a compliant and security-focused player will help; our early compliance with all regulations will serve as a selling point in such discussions.
- Customer Experience & Retention: Marketing doesn’t end with acquisition; providing excellent service turns clients into advocates. We will assign dedicated account managers to each major client, ensuring white-glove treatment. Regular updates (e.g., monthly market insights, quarterly portfolio reviews) keep clients engaged and reinforce the value we provide. Satisfied clients in the tight-knit corporate community often refer others in their network, creating a virtuous cycle of referrals.
Conclusion
Launching a Bitcoin treasury company in South Korea at this pivotal time combines significant opportunity with heavy responsibility. By serving both as a steward of our own Bitcoin reserves and as a trusted service provider for others, we can catalyze the next phase of institutional Bitcoin adoption in the country. The plan detailed above emphasizes regulatory compliance, robust security, and strategic partnerships as the pillars of our operation. These priorities align closely with South Korea’s regulatory ethos of promoting innovation with safeguards – as evidenced by VAUPA’s requirements for asset segregation, insurance, and stringent AML controls . We have mapped a clear scale-up path: start with a solid foundation in compliance and technology, grow through client trust and strategic capital, and evolve into an institutional-grade financial platform for digital assets.
By following this roadmap, the company aims to not only achieve commercial success but also contribute to South Korea’s reputation as a global leader in the integration of cryptocurrency into traditional finance . With regulators gradually opening the doors to institutional crypto engagement and market metrics demonstrating the depth of Korea’s crypto market , the timing is ideal. Executing diligently on this plan, our Bitcoin treasury company could very well become the “Korean Fidelity Digital Assets” – bridging the gap between conventional finance and the new world of digital treasuries, while managing risks and upholding the highest standards of integrity.
Sources: The strategy and recommendations in this plan are informed by current South Korean regulatory statutes and market data, as well as case studies of recent Bitcoin treasury initiatives:
- South Korea’s Virtual Asset User Protection Act and VASP requirements
- Industry examples of Bitcoin treasury adoption (Bitplanet, Parataxis Korea, WEMADE)
- Security and custody best practices from industry leaders
- Market statistics on Korean crypto trading and user base , underscoring the growth potential.