Galaxia Moneytree Forms Korea's First Aviation Finance STO Consortium

Galaxia Moneytree, a leading domestic STO (Security Token Offering) company, announced on the 15th that it has signed a business agreement to form an aviation finance STO consortium. The MOU includes Shinhan Investment Corp., Eugene Investment & Securities, VMIC, and Cirium.

Cirium is a global aviation data analytics company that provides real-time aircraft location analysis, aircraft asset value monitoring and benchmarking, flight-based weather and emissions data, based on 114 years of aviation experience. VMIC is Korea's first startup specializing in aircraft and aircraft engine technology management. It offers services such as lease management related to aircraft and engines, aviation industry analysis, and aviation finance based on technical and financial expertise.

In this aviation finance STO consortium, Galaxia Moneytree will oversee the consortium and be responsible for developing and operating the aviation finance security token issuance platform. Shinhan Investment Corp. and Eugene Investment & Securities will support the development, operation, and commercialization of the STO distribution platform as well as trust and account management. VMIC will handle aircraft engine asset management support, service management, and aviation finance expertise, while Cirium will provide aircraft engine asset valuation support and aviation data.

A company representative stated that in addition to the five consortium members, discussions are underway with related government agencies such as the Ministry of Land, Infrastructure and Transport and the Korea Aviation Association for the aviation finance-based STO business. They also recently completed an application for innovative financial services.

The country's first aviation finance STO consortium aims to provide leasing and lease pooling STOs for core equipment such as aircraft engines. This is expected to secure private funding and alleviate the burden of lease fees for aircraft spare engines and aviation parts.

The most important aspect of STO is asset valuation. Based on the accurate valuation of aircraft engines by Cirium, a global aircraft data information analysis organization, aviation finance security tokens that investors can trust will be issued.

Shin Dong-hoon, CEO of Galaxia Moneytree, said, "This consortium will be an important leap forward to secure a dominant position and lead innovation in the aviation finance STO sector," adding, "The agreement on aviation finance STO will promote the development of the domestic aviation industry and strengthen global competitiveness, while providing investors with new investment opportunities through alternative investments."

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