Galaxia Moneytree announced on the 27th that it will proceed with a Memorandum of Understanding (MOU) with ITCEN to discover token security items.
Both companies plan to utilize their infrastructure and capabilities related to token security issuance to discover STO business items in various underlying asset fields and conduct comprehensive discussions on the token security issuance business.
A representative from Galaxia Moneytree stated, “ITCEN secures underlying assets in physical raw materials and eco-friendly energy businesses, so synergy is expected in discovering token security items between the two companies,” adding, “Based on the diverse IP (intellectual property rights), technological capabilities, and business know-how held by both companies, we will become a leading group in the STO ecosystem.”
ITCEN is an IT (information technology) service specialist company preparing for a physical metal-based STO business. Recently, it was selected as the main contractor for building Hana Securities’ STO platform, demonstrating solid technological capabilities in related businesses. In particular, ITCEN’s subsidiary, Korea Gold Exchange Digital Asset, operates the digital platform service ‘Sengold,’ which allows fractional investment in precious metals in units of 10 milligrams (mg).
Meanwhile, Galaxia Moneytree has currently secured underlying assets such as aviation finance, electric vehicle charging infrastructure, renewable energy, fisheries finance, and racehorses. Some of the secured underlying assets have been applied to the Financial Services Commission for designation as innovative financial services.
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