Dunamu Wins South Korean Police Contract for Cryptocurrency Custody Services

Dunamu has secured a one-year contract to manage and protect digital assets confiscated by South Korean law enforcement. The company, parent of Upbit, emerged victorious from a competitive government procurement process that selected it as the winning bidder. This decision comes after previous incidents of cryptocurrency disappearances highlighted the need for improved security measures in police storage.

The contract, valued at approximately 267 million won (around $195,000) according to prevailing exchange rates during the tender period, encompasses custody and management solutions for cryptocurrencies and other digital assets confiscated by law enforcement authorities. The services will be delivered through Upbit Custody, Dunamu's institutional-grade digital asset storage solution.

The platform operates continuous surveillance and incident response capabilities around the clock, with security operations remaining active during overnight hours, weekends, and national holidays to maintain uninterrupted asset protection. Advanced security infrastructure, including multi-signature technology and cold storage wallets, will protect assets in criminal cases.