Galaxia Moneytree Establishes Blockchain Specialist Company 'Galaxia Metaverse'

[Asia Economy Reporter Hyunseok Yoo] Fintech specialist Galaxia Moneytree announced on the 24th that it will establish a subsidiary, ‘Galaxia Metaverse,’ to strengthen its expertise in blockchain businesses such as NFT (Non-Fungible Token) and STO (Security Token Offering).

A company official stated, “Galaxia Metaverse is a 100% subsidiary of Galaxia Moneytree and will secure expertise by focusing on strengthening and concentrating capabilities in the blockchain business.”

Galaxia Moneytree launched and distributed Korea’s first Bitcoin-dedicated prepaid card, ‘OK BitCard,’ in 2017 and provided Bitcoin cash withdrawal services through ATMs nationwide. In April, it also commercialized various business models related to virtual assets, such as enabling payments with Bitcoin at convenience stores.

Based on this know-how, the newly established Galaxia Metaverse will take over and fully manage the operation of ‘Jopsal (XTL),’ the virtual asset of the comprehensive lifestyle finance platform ‘Moneytree.’ It plans to focus on blockchain-based businesses such as NFT and STO.

Shin Donghoon, CEO of Galaxia Moneytree, said, “Recently, global interest in NFTs based on various digital assets has been growing,” adding, “Through the establishment of Galaxia Metaverse, a blockchain-specialized company, we will create a business model that provides fair compensation to content copyright holders and expands access opportunities for buyers to items in various fields, forming a new ecosystem.”

Shin Donghoon will concurrently serve as CEO of Galaxia Metaverse. The company plans to expand its business through establishing overseas subsidiaries in the future.

This content was produced with the assistance of AI translation services.