Sejong Telecom Unveils STO Solution... Accelerating Token Securities Market Expansion

Sejong Telecom (CEO Lee Byung-guk) will participate in various events in November to showcase its STO solution and recruit partner companies.

Sejong Telecom, participating in the 2023 Blockchain Promotion Week, is a company successfully operating ‘Vevrik,’ Korea’s first STO service.

The ‘Customized Token Securities System Construction STO Solution’ introduced by Sejong Telecom at this event is an STO-tailored solution that transparently and conveniently builds, operates, and manages the entire process from token securities issuance to trading on the blockchain.

By utilizing Sejong Telecom’s STO solution, it is possible to operate and manage all processes from securities issuance, product sales, securities deposit, securities distribution, investor deposit management, investment asset management, customer account management, to transaction management. Companies using the solution can integrate it into their existing services or platforms to conduct token securities issuance and trading, dividends, liquidation, and beneficiary general meetings. Furthermore, token and wallet management becomes easier and more secure within an investment environment built on blockchain smart contracts.

Later in November, Sejong Telecom plans to introduce the STO solution at ‘SoftWave 2023,’ Korea’s largest software (SW) exhibition, and the ‘2023 Busan Blockchain Regulatory Free Zone Conference,’ which showcases technological innovation achievements in regulatory free zones. The company aims to explore partners and accelerate the commercialization of the STO platform business.

Additionally, Sejong Telecom will announce the progress and results of the ongoing NIPA 2023 project, a proof of concept (PoC) for ‘Blockchain-based Token Securities Issuance Platform Construction and Distribution System Linkage’ utilizing mineral resources.

Park Hyo-jin, Vice President and Head of Blockchain Business at Sejong Telecom, stated, “Sejong Telecom’s STO solution, which integrates our technological capabilities, will be a great help to companies preparing for STO-related businesses. Sejong Telecom will continue its path as an STO platform company leading the establishment of a trustworthy STO ecosystem through this service.”

Meanwhile, the 2023 Blockchain Promotion Week is an event hosted by the Ministry of Science and ICT and jointly organized by the Korea Internet & Security Agency, the National IT Industry Promotion Agency, and the Institute for Information & Communications Technology Planning & Evaluation. It aims to promote the value of blockchain technology, which guarantees trust in the digital era, share various government project achievements, and future policy directions. This year, it will be held at COEX from November 15 to 16.

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