Shinhan Investment Corp. Advances Market Leadership in Token Securities Business through Board Resolution

Shinhan Investment Corp. announced on the 27th that it has officially received approval from its board of directors to enter the Security Token (ST) business and will actively promote the Security Token Offering (STO) business.

In December of last year, Shinhan Investment Corp. became the first in the securities industry to be designated for the STO innovative financial service (a blockchain-based platform service for trading monetary bond trust beneficiary certificates). Currently, it is developing the infrastructure system and preparing to launch the service within the year.

Once the security token platform is established, securities firms will be able to operate business models for issuing and trading STOs, thereby creating a new STO market. It is expected that the range of investment options will expand as new products based on various underlying assets are launched.

Meanwhile, in February of this year, Shinhan Investment Corp. formed an STO alliance with about 50 companies and is preparing to offer attractive products to investors through continuous partnerships with companies holding various underlying assets.

Shinhan Investment Corp. stated, "From the perspective of future financial new businesses, we are promoting the security token business with an eye toward expansion into the global market," adding, "We will also make every effort to conduct risk pre-assessments to protect investors alongside discovering new products." Furthermore, they said, "In addition to the security token business, we are also considering investments in related companies to foster ecosystem development."

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