?SGA Solutions Acquires Stake in Real Estate Token Securities Platform 'Funble'

Integrated IT security specialist SGA Solutions announced on the 18th that it has acquired a 26.8% stake in real estate token securities platform company Funble, becoming the largest shareholder. By investing in Funble, which possesses expertise in STO, SGA Solutions plans to promote the STO business combining blockchain and next-generation security solutions and strengthen future growth engines.

Funble is a company that has successfully completed the entire cycle of issuance, distribution, and settlement of token securities under the Electronic Securities Act. Through a blockchain-based real estate token securities platform approved by the financial regulatory sandbox, commercial real estate can be easily bought and sold like stocks in the form of Digital Asset Securities (DAS). It provides services that allow users to receive profits and dividends. Based on its technological capabilities, Funble issued the ‘Lotte World Tower Signiel No. 1’ as token securities and successfully completed distribution and settlement through its platform, solidifying its position as a leading STO pioneer company.

SGA Solutions will actively promote the ‘Secure STO’ business by creating technological and business synergies with Funble. This includes developing a secure STO platform applying its blockchain solution 'RootChain,' as well as ▲ enhancing authentication and security of blockchain-based platforms through the introduction of smart contracts ▲ operating a stable financial system applying next-generation information security technologies such as cloud and AI, thereby increasing competitiveness in both STO and security businesses.

Choi Young-cheol, CEO of SGA Solutions, said, "The acquisition of shares is a strategic investment to secure a competitive edge in the STO business and to preempt the STO market ahead of legalization." He added, "Based on business competitiveness, we will build a differentiated platform to actively respond to the steep growth trend of the STO market and jointly create an innovative financial ecosystem."

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