[Click eStock] "Finger Expected to Benefit from STO Trading Platform Establishment"

[Asia Economy Reporter Jang Hyowon] KB Securities analyzed on the 7th that Finger will benefit from the institutionalization of the platform for token securities (STO) trading.

Finger is a specialized company in building fintech platforms such as smart banking platforms, with major clients including domestic banks and securities firms. Recently, with the implementation of open banking and MyData, sales have expanded to the public and non-financial sectors, and the company is also securing growth momentum by developing NFT trading platforms and blockchain solutions.

Han Jeyoon, a researcher at KB Securities, stated in a report on the same day, “The Financial Services Commission officially announced the detailed regulatory framework related to STO in February this year, and accordingly, benefits related to Finger’s STO trading platform construction are expected,” adding, “This is because Finger is a company that has already succeeded in developing an IP NFT trading platform using blockchain technology.”

Researcher Han also said, “Since IP (intellectual property rights) is a form of STO, it can be regarded as having secured the technology for an STO trading platform,” and added, “Moreover, Finger is a company that has long built fintech platforms such as smart banking for financial institutions and has secured sufficient platform references.”

He emphasized that following the official announcement by the Financial Services Commission, if laws and systems are established, attention should be paid to the possibility of Finger benefiting, as it already possesses STO platform technology and sufficient references.

He further stated, “This year, an increase in sales from Finger’s existing platform business can also be expected. This is because the entry of banks into lifestyle financial platform businesses can be accelerated, led by Shinhan Bank’s delivery app ‘Ttaenggyeoyo’,” and added, “If more banks enter platform businesses where finance can be applied, such as delivery apps, this will ultimately become a growth driver for Finger, a fintech platform collaborator.”

However, he noted, “The STO business is now at the stage of entering the early market,” and added, “Although the Financial Services Commission has already presented a clear direction, some noise may occur during the process of forming the STO market.”

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