Galaxia Moneytree Signs Agreement to Launch Racehorse-Based Token Securities: "Diversifying Product Offerings"

Galaxia Money Tree, a leading company in token securities (ST), announced on the 7th that it has signed a business agreement with Korea Racing Authority, Seoul Jockey Club Association, and Shinhan Investment Corp. to launch racehorse-based token securities.

The signing ceremony, held at the Korea Racing Authority headquarters in Gwacheon-si, Gyeonggi-do, was attended by Jeong Ki-hwan, Chairman of Korea Racing Authority; Jo Yong-hak, Chairman of Seoul Jockey Club Association; Shin Dong-hoon, CEO of Galaxia Money Tree; and Kim Sang-tae, CEO of Shinhan Investment Corp.

In this consortium, Galaxia Money Tree will participate as the issuer, designing and building the issuance platform for the racehorse token securities product. Korea Racing Authority and Seoul Jockey Club Association will support by providing data for the design of the racehorse token securities, while Shinhan Investment Corp. will serve as the account management institution.

The token securities product to be launched this time will be issued in the form of investment contract securities. Since investment contract securities are not subject to innovative financial service applications, they differ from trust beneficiary certificates based on regulatory sandboxes. They mainly invest in specific businesses or assets such as artworks and are currently issued without a distribution market.

Galaxia Money Tree explained that this will enable multiple investors to participate in the racehorse investment market, which was previously difficult for individuals to enter. Through these token securities, individual investors can invest in racehorses owned by jockeys and generate dividend income. For jockeys, it is expected to facilitate the liquidity of owned racehorses and fund procurement for purchasing new racehorses.

Shin Dong-hoon, CEO of Galaxia Money Tree, said, “Globally, racehorses are valuable assets but have been difficult to invest in individually. A new idea for tokenizing racehorses has emerged,” adding, “Through this consortium, the four companies will actively collaborate to issue racehorse token securities and enable equity investments by multiple investors.”

Recently, Galaxia Money Tree has not only signed business agreements with various partners but also made investments in distributors. Through aggressive promotion of the token securities business, it is establishing itself as a leading company in the industry.

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