Galaxia Moneytree, JV with AssetChain and Innosalt... "Expanding Token Securities Business"

Galaxia Moneytree announced on the 4th that it has accelerated its token securities business by participating in the establishment of the over-the-counter brokerage joint venture (JV) 'Korea ST Exchange.' AssetChain, a company specializing in token securities infrastructure development, and Innosalt, a securities service specialist company, are jointly participating in the JV establishment.

Over-the-counter brokerage is a newly planned business to be established by the Financial Services Commission to regulate the issuance and distribution of token securities and to encourage market participation and expansion. Over-the-counter brokers can execute trades for the two types of token securities: investment contract securities and revenue securities, in multilateral transactions. In the future, it is expected to play a role in the distribution market of token securities for various non-standard assets such as artworks, music copyrights, and real estate.

The newly established Korea ST Exchange is a company founded by top domestic financial experts to support and revitalize stable token securities trading following the Financial Authorities' legislation on token securities issuance (STO). CEO Cho Won-dong, a former Blue House Chief Secretary for Economic Affairs and an expert in macroeconomics, and current Innosalt CEO Jung Sang-joon have been appointed as co-CEOs.

Korea ST Exchange aims to lead the domestic token securities distribution market and provide the safest and most innovative services to investors based on an innovative distribution platform linked with financial companies. Its goals include ▲ establishing a token securities exchange (STE, Security Token Exchange) ▲ establishing an investor protection system ▲ strengthening cooperation with token securities issuers and financial companies ▲ responding to regulatory and legislative measures from supervisory authorities. In accordance with the Financial Authorities' guidelines, it plans to prioritize investor protection by thoroughly verifying assets and selecting tradable token securities.

A Galaxia Moneytree official stated, "Participation in this JV establishment is to acquire an over-the-counter brokerage license and to preoccupy the distribution market," adding, "By participating in over-the-counter brokerage, we expect to create synergy with the token securities issuance business and increase corporate value through market expansion."

Galaxia Moneytree is actively promoting the token securities business in the market, including signing STO business agreements related to 'marine finance and carbon emission rights' and 'renewable energy' and investing in related partner companies.

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