Daesin Financial Group Acquires Stake in Real Estate Fractional Investment Platform 'Casa'

Daishin Financial Group announced on the 15th that it has completed the acquisition of the real estate digital revenue securities exchange ‘Kasa’.

The acquisition contract was made for 90% of the shares corresponding to Kasa’s management rights and the entire Korean business sector. A Daishin Financial Group official said, "The ability to select high-quality real estate and Kasa’s platform competitiveness will create synergy," adding, "We will secure new growth engines through the acquisition of Kasa." They plan to expand their reach as a retail channel based on token securities (STO) in the future.

During the first half of this year, they plan to complete the development of electronic securities by organizing related systems to link with Daishin Securities accounts. Through this, they will proceed with additional public offerings of promising real estate to provide investors with opportunities for indirect investment in commercial real estate.

The new CEO of Kasa will be Hong Jae-geun, head of the New Business Promotion Division at Daishin Securities. The existing Kasa founder, CEO Ye Chang-wan, is reported to focus on the Singapore corporation business.

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