[Featured Stock] Finger Rises on Expectations for Token Securities Legislation
Related Stocks Surge on News of Re-promotion of Token Securities (STO) Legislation
Stock Hits Lowest Price Since Listing... Signal of Price Rebound
Leading Patent Tokenization Based on Blockchain Technology
Finger recorded a limit-up. This is interpreted as reflecting expectations for the legalization of token securities (STO).
![[Featured Stock] Finger Rises on Expectations for Token Securities Legislation](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 10:53 a.m. on the 3rd, Finger is trading at 8,580 won, up 30.00% (1,980 won) compared to the previous trading day. Since its listing on the 5th, Finger's stock price hit a low of 5,840 won, then hovered around the 6,000 won range before showing a dramatic reversal. However, it is still somewhat distant from the early-year price of 13,150 won.
The momentum for restarting the STO legalization process, which was scrapped by the National Assembly last May, is building again. According to the financial investment industry, Kim Jae-seop, a member of the People Power Party, plans to officially propose amendments to the Capital Markets Act and the Electronic Securities Act for STO legalization next week. Additionally, on the 4th, a seminar titled "Desirable Legislative Directions for Revitalizing the Token Securities Market" will be held at the National Assembly Members' Office Building to hear opinions from financial authorities and the STO industry.
Related stocks, which had their prices halved due to the halt in STO legalization, are rising in unison today. GalaxiaSM (18.54%), K Auction (14.26%), and Bankware Global (14.73%) are recording double-digit gains, while Danal (2.07%), Aton (4.20%), and Seoul Auction (5.45%) are also showing strength.
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Since 2021, Finger has been promoting a business to tokenize patent rights and, based on this, provides blockchain technology and digital asset-related solutions. In particular, it is actively pursuing the STO business in cooperation with SK Securities. This partnership aims to establish various cooperative systems in the digital asset field, including the patent rights STO business. Finger plans to offer a token securities issuance and trading platform based on its experience in patent rights securitization using blockchain technology during this process.
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