ATE1, Token Securities PoC Platform Launch... "Helps Securities and Financial Firms Conduct PoC Quickly"

KOSDAQ-listed company EightOne (CEO Jin-Yeop Lee) announced on the 4th that it has completed the development of a next-generation Proof of Concept (PoC) platform for securities and financial companies to enter the token securities (STO) business and is launching it.

The STO PoC platform developed by EightOne is an essential solution that conceptually verifies the operation of technology before business implementation. It systematically connects ▲token securities issuers ▲account management institutions (issuance intermediaries) ▲total volume management institutions (Korea Securities Depository) ▲investors ▲securities firms ▲over-the-counter brokerage firms ▲financial companies, enabling conceptual verification.

By utilizing this platform, PoCs for both the issuance market and the distribution market are provided, allowing pre-verification of the entire token securities life cycle by participating institutions, including ▲token issuance review ▲subscription and allocation ▲issuance ▲distribution ▲burning.

Additionally, it offers management functions provided on the distributed ledger such as blockchain wallet creation and management, token securities creation, transfer, and burning, as well as cash token management and settlement. Through this, efficient management and control experience of token securities is possible, and technical requirements for entering the STO business can be pre-checked, leading to time savings and risk minimization.

An EightOne representative stated, “The STO PoC platform we are launching is the most effective concept verification platform that supports not only token securities product planning but also platform development and networking for infrastructure,” adding, “It broadly supports STO product development, blockchain distributed ledger technology provision, and token securities consortiums.”

He continued, “By utilizing this platform, successful entry into the STO business becomes possible based on various verification result data,” and said, “We expect many securities and financial companies to use EightOne’s PoC platform.”

Meanwhile, through this platform launch, EightOne plans to distribute a comprehensive STO solution supporting various functions such as STO PoC consulting systems, development of STO issuance assets like electronic promissory notes, industry trend monitoring, and risk management.

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