Sejong Telecom and Hanguk Toji Shintak Accelerate Cooperation in Developing STO Products
Sejong Telecom (CEO Lee Byung-guk) announced on the 27th that it will jointly develop STO products with Korea Land Trust.
Through this agreement, Sejong Telecom will jointly develop trust products discovered by Korea Land Trust into token securities products, list them through BBRIC, and attract investors.
BBRIC is a real estate collective investment and profit distribution service developed and operated by the Sejong Telecom consortium. Utilizing blockchain technology, it ensures product transparency and is a public offering-type real estate indirect investment platform that allows easy participation by the general public. Through BBRIC, anyone can acquire information and trade, expanding public accessibility to fractional investment. It is the first domestic STO platform that enhances investor protection by obtaining ISMS certification, enabling safe investment.
Korea Land Trust is a leading domestic real estate trust company. Based on the know-how and expertise accumulated through a long history, it is strengthening competitiveness in various business areas such as land trust, trust-type urban maintenance projects, and REITs.
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Park Hyo-jin, Vice President and Head of Blockchain Business at Sejong Telecom, said, “Token securities transactions conducted online require trust in safety, product value, and transaction transparency. BBRIC has continuously proven safety, transparency, and investment value of listed token securities,” adding, “Together with Korea Land Trust, we will jointly discover underlying assets for token securities and develop products to select safe products with high investment value and reliability to present to investors.”
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