Shinhan Investment Corp. Signs MOU to Promote STO Business with Fractional Investment Platform

[Asia Economy Reporter Lee Jung-yoon] Shinhan Investment Corp. announced on the 16th that it has signed a memorandum of understanding (MOU) for joint business promotion of token securities (STO) with Bycel Standard, which operates the physical asset fractional investment platform PIECE.

Bycel Standard is a platform operator that enables fractional investment ownership of physical assets and has proactively prepared for the full-scale launch of STO. Recently, it was recognized for its contribution to revitalizing the domestic private shipping, social overhead capital (SOC), and aviation finance sectors through an innovative platform combining finance and IT, receiving the Minister of Land, Infrastructure and Transport Award. Shinhan Investment Corp. is also preparing an STO platform and has announced plans to lead ecosystem creation by forming an STO alliance.

Through this MOU, the two companies plan to collaborate on detailed tasks, issues, and solutions according to STO guidelines, as well as on the overall planning, development, operation, issuance, and distribution of STO using blockchain technology.

Additionally, prior to full-scale cooperation, they announced plans to establish additional investor protection measures related to service operations between the two companies and to proactively implement security measures such as blockchain network configuration.

Shin Beom-jun, CEO of Bycel Standard, said, "Based on our experience and technological capabilities in successfully establishing PIECE in the previously barren fractional investment market, we have almost completed preparations for the STO business. Through the MOU with Shinhan Investment Corp., we will create overwhelming synergy and use this as an opportunity to lead the STO market."

Kim Jang-woo, Head of the Digital Group at Shinhan Investment Corp., stated, "We have been steadily preparing an STO platform that encompasses various types of assets such as bonds, luxury goods, and artworks. We will continue to strive to create a sound market environment where new products can be invested in more conveniently and safely."

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