Dunamu will take charge of storing and managing digital assets seized by police.

Dunamu, which operates the Upbit digital asset exchange, said on Thursday it has been selected as the final successful bidder for the National Police Agency’s project to store and manage seized virtual assets.

The project was conducted through an open competitive bidding process run by the Public Procurement Service to securely store digital assets seized during investigations and establish a management system.

Dunamu received the top score of 94.14 in the technical evaluation and was designated the preferred negotiating bidder on July 8. It was later selected as the final successful bidder after technical negotiations. The contract term is 1 year.

The seized digital assets will be stored and managed through Dunamu’s digital asset custody service, Upbit Custody.

Dunamu plans to operate a 24-hour, 365-day real-time monitoring infrastructure to respond at night and on holidays.

Upbit Custody applies a 100 percent cold wallet environment isolated from the external internet. It has a multi-management system using multi-party computation and distributed key generation, a structure designed to reduce risks from the leakage of any single key.

It also applies Multi-Signature technology, which approves transactions using multiple keys. It provides a function to manage wallets separately depending on the type of asset and the purpose of use.

A Dunamu official said, "We joined this project in sympathy with its aim of protecting state assets," and added, "We will contribute to enhancing public security and the stability of digital public safety infrastructure."