Dunamu has secured a contract with the National Police Agency to manage and store seized virtual assets.
On August 7, Dunamu announced that it was selected as the final bidder for the 'Seized Virtual Asset Storage and Management Project' initiated by the police agency.
The project aims to establish a secure storage and efficient management system for seized virtual assets. Dunamu received the highest technical evaluation score of 94.14 points in a competitive bidding process conducted by the Public Procurement Service, leading to its selection as the preferred negotiation partner, followed by technical negotiations that culminated in a final contract. The contract is set for one year.
Dunamu will manage and store the seized virtual assets through its digital asset custody service, Upbit Custody. The company plans to operate a real-time monitoring system 24/7 and manage assets in a cold wallet environment isolated from external internet access.
Upbit Custody will incorporate security technologies such as Multi-Party Computation (MPC), Distributed Key Generation (DKG), and Multi-Signature. It will also offer features to manage wallets separately based on the type and purpose of the assets.
This initiative represents a collaboration between the police agency and a private expert institution for the custody and management of digital assets seized by law enforcement. Dunamu intends to leverage its accumulated expertise in digital asset custody and security technologies to execute the project.
A Dunamu representative stated, “We participated in this project because we resonate with the purpose of public-private cooperation for the protection of national assets. We aim to contribute to enhancing public security and the stability of digital law enforcement infrastructure based on our accumulated security technologies and control capabilities.”
On August 7, Dunamu announced that it was selected as the final bidder for the 'Seized Virtual Asset Storage and Management Project' initiated by the police agency.
The project aims to establish a secure storage and efficient management system for seized virtual assets. Dunamu received the highest technical evaluation score of 94.14 points in a competitive bidding process conducted by the Public Procurement Service, leading to its selection as the preferred negotiation partner, followed by technical negotiations that culminated in a final contract. The contract is set for one year.
Dunamu will manage and store the seized virtual assets through its digital asset custody service, Upbit Custody. The company plans to operate a real-time monitoring system 24/7 and manage assets in a cold wallet environment isolated from external internet access.
Upbit Custody will incorporate security technologies such as Multi-Party Computation (MPC), Distributed Key Generation (DKG), and Multi-Signature. It will also offer features to manage wallets separately based on the type and purpose of the assets.
This initiative represents a collaboration between the police agency and a private expert institution for the custody and management of digital assets seized by law enforcement. Dunamu intends to leverage its accumulated expertise in digital asset custody and security technologies to execute the project.
A Dunamu representative stated, “We participated in this project because we resonate with the purpose of public-private cooperation for the protection of national assets. We aim to contribute to enhancing public security and the stability of digital law enforcement infrastructure based on our accumulated security technologies and control capabilities.”
* This article has been translated by AI.
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