Shinhan Investment Corp. Establishes Token Securities Consortium 'STO Alliance'

[Asia Economy Reporter Lee Jung-yoon] Shinhan Investment Corp. announced on the 6th that it will establish a Security Token Offering (STO) alliance.

Security Tokens are securities issued in token form using blockchain technology, differing from general virtual assets like Bitcoin in that they are issued based on real asset values such as real estate and artworks. Security Tokens are expected to be incorporated into the regulatory framework through amendments to the Capital Markets Act, and Shinhan Investment Corp. plans to lead the ecosystem development through the STO alliance.

The STO alliance is an organization where various companies collaborate to tokenize safe assets for the growth and development of the security token industry. Through the STO alliance, Shinhan Investment Corp. aims to inform investors of the advantages of security tokens and establish standards and best practices for issuing and trading security tokens.

Member companies of the STO alliance can reduce costs related to security token issuance, raise funds through process improvements, and receive support for security token distribution solutions. Additionally, various benefits such as blockchain technology consulting, integration support, and networking among domestic and international members are planned.

Lee Se-il, Head of Blockchain Department at Shinhan Investment Corp., stated, "Security tokens are a business that blockchain companies and financial institutions must jointly pursue, and through the alliance, we will strive to provide customers with more stable digital asset investments." He added, "Shinhan Investment Corp. welcomes companies with fresh ideas to take on new challenges with the STO alliance regardless of industry."

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