Hana Securities Partners with Pinnacle for Commercial Real Estate-Based Token Securities Issuance Business
Hana Securities announced on the 3rd that it has signed a Memorandum of Understanding (MOU) with Pinnacle to develop a business model for issuing commercial real estate token securities (STO).
Pinnacle is a fintech company operating the commercial fractional investment platform Rebit. Hana Securities will be responsible for account management necessary for transactions through the MOU with Rebit and plans to expand cooperation for developing a commercial real estate STO business model in the future. Pinnacle will be in charge of product development for issuing commercial real estate STOs and operating the fractional investment platform.
Choi Won-young, Head of Digital Division at Hana Securities, said, "We will expand various business collaborations with Pinnacle to improve accessibility to commercial real estate investment information."
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Meanwhile, Hana Securities has signed MOUs with major companies such as Oasis Business, Print Bakery, ITCEN, and Danal Entertainment to collaborate on fractional investment platforms and security token businesses based on various underlying assets including real estate, artworks, gold and silver, and mobile content.
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