[Featured Stock] Galaxia Moneytree Rises on 'Jogeok Investment' Related MOU Signing

Galaxia Moneytree is showing strong performance. It is interpreted to be influenced by the signing of a memorandum of understanding (MOU) related to 'fractional investment.'

As of 11:30 AM on the 27th, Galaxia Moneytree is trading at 11,560 KRW, up 10.41% from the previous day. The day before, Galaxia Moneytree signed an MOU with ITCEN regarding the discovery of token securities (STO) items. The two companies plan to conduct comprehensive discussions on the STO issuance business in various underlying asset fields by utilizing infrastructure and capabilities related to STO issuance. ITCEN is an IT company that has secured underlying assets such as aviation finance, electric vehicle charging infrastructure, renewable energy, fisheries finance, and racehorses.

The domestic STO market is on the verge of launch. STO refers to the digitization of securities under the Capital Markets Act using distributed ledger technology. Through this, various assets such as real estate, artworks, and music rights can be bought and sold. In other words, fractional investment is possible. Recently, the Financial Services Commission newly designated the 'KRX New Type Securities Market Opening' applied for by the exchange to open the STO distribution market as an innovative financial service (regulatory sandbox). Once it goes through the legislative process, the distribution of various fractional investment products will be possible in the on-market market. Galaxia Moneytree, a specialized payment agency, possesses the core distributed ledger technology necessary to create STOs. It is considered a 'blue-chip' stock related to STOs.

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