South Korea’s National Police Agency has finalized a one-year contract with Upbit parent Dunamu to store and manage digital assets seized in criminal investigations through Upbit Custody. Dunamu said it was awarded the project after topping the technical evaluation in the Public Procurement Service tender process and completing negotiations after being named preferred bidder on July 8. Procurement records cited in the latest update valued the contract at 267 million won, or about $195,000, for one year. The arrangement places confiscated cryptocurrencies under a custody system built around 24-hour, 365-day monitoring, 100% offline cold wallets, multi-party computation, distributed key generation, multi-signature controls and wallet segregation by asset type and use. Dunamu said the setup is designed to reduce the risk of a single compromised private key and keep custody operations running continuously. The award comes after previous incidents involving missing Bitcoin held by South Korean authorities, including a February case in which Gangnam Police Station said 22 Bitcoin worth about 2.1 billion won had disappeared from police custody, and earlier local media reports involving lost seized Bitcoin at other agencies. The tender also drew scrutiny from industry participants who said requirements such as immediate custody capability, round-the-clock response and full compensation for any loss favored larger operators, though the National Police Agency said the contractor was chosen through a fair competitive process.