BladeEnt Subsidiary BladeSTO Signs MOU for STO Business with Kiwoom Securities

BladeEnt, a KOSDAQ-listed company, announced on the 3rd that its subsidiary BladeSTO has signed a memorandum of understanding (MOU) to collaborate on the token securities (STO) business with Kiwoom Securities, the domestic leader in stock market share.

Through this MOU, Kiwoom Securities and BladeSTO plan to undertake collaborative projects combining finance and blockchain, discover new businesses for joint cooperation, and continuously strive to revitalize the STO-related industry.

Currently, the Financial Services Commission is working on revising laws to institutionalize STO, and amendments to the Electronic Securities Act and the Capital Markets Act are expected to be submitted to the National Assembly within the first half of the year. If these amendments pass, the era of token securities is expected to officially begin in the second half of this year or next year.

As the institutionalization of token securities becomes more visible, many companies are pursuing alliances to build platform infrastructure. In particular, efforts to establish services such as the “STO Aggregator Service,” which collects information on products or services and offers them on a single STO platform, are actively underway.

This is because securing a leading position in the domestic market through technology and infrastructure cooperation is essential to prepare for entry into the global STO market, which is predicted to grow to approximately $16 trillion by 2030. The MOU between BladeSTO and Kiwoom Securities is understood to have been concluded as part of this trend.

Hong Sang-hyuk, CEO of BladeSTO, stated, “Through cooperation with Kiwoom Securities, the strongest player in retail, we have established a foundation to showcase diverse content,” and added, “We will introduce an STO aggregator service that actively utilizes sports, arts, entertainment, and other assets held by BladeSTO affiliates.”

Kim Hee-jae, Head of Retail Division at Kiwoom Securities, said, “We will discover differentiated underlying assets with BladeSTO, which is conducting business in various fields, and contribute to the development of the token securities market through this.”

Meanwhile, BladeSTO, established in 2021, is a specialized company in art and art NFT, operating ACNY Gallery Stand, which houses many emerging artists who receive enthusiastic responses from the MZ generation, the art NFT auction site 'STAN by B,' and physical galleries.

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