[Click eStock] "Galaxia Moneytree, Visible Results Expected from STO-Related MOU"

Independent research firm Growth Research explained on the 5th that visible results are expected from the STO (Security Token Offering) related MOUs (Memorandums of Understanding) signed mainly with securities and banking sectors regarding Galaxia Moneytree. No investment opinion or target price was presented.

Researcher Lee Jae-mo of Growth Research said, "Galaxia Moneytree has signed MOUs and is promoting six underlying asset security tokens," adding, "The securities registration statement for the investment contract securities is scheduled to be submitted to the Financial Supervisory Service in the first quarter of next year."

He continued, "Since the STO must be issued immediately after the Financial Supervisory Service's approval, the launch of the related platform is also targeted within the first quarter," and analyzed, "They are conducting many items connected to public projects, so the likelihood of approval is high."

STO refers to securities digitized using distributed ledger technology. Participants include holders of STO underlying assets such as artworks, aircraft engines, and renewable energy, as well as issuers and distribution platform companies. Recently, companies related to STO have been submitting securities registration statements for investment contract securities to the Financial Supervisory Service, signaling the market's development.

The researcher forecasted, "It is expected that the target sales of 130 billion KRW will be achievable this year," and "Operating profit is expected to finish slightly below 10 billion KRW."

He added, "Galaxia Moneytree continues to sign MOUs mainly with securities and banking sectors," emphasizing, "Several MOUs that could produce visible results are scheduled in the future, which will be an important trigger factor for stock price fluctuations."

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