Galaxia Money Signs MOU with Korea Ratings Corporation... "Evaluation of Underlying Asset Value"

Galaxia Moneytree announced on the 18th that it has signed a Memorandum of Understanding (MOU) with Korea Ratings Corporation for the valuation of underlying assets necessary for the issuance of token securities (STO).

Through this agreement, the two companies plan to accelerate the token securities issuance business based on the asset value of the underlying assets evaluated. Korea Ratings Corporation will first conduct asset valuation for the aviation finance STO project promoted by Galaxia Moneytree. Specifically, this involves value modeling of future accounts receivable related to aircraft engines.

In September last year, Galaxia Moneytree formed an aviation finance STO consortium with Shinhan Investment Corp., Eugene Investment & Securities Co., aviation asset management company VMIC, and global aviation data analytics firm Cirium. The consortium aims to secure aircraft engines through private funding via STO to alleviate lease fee burdens for domestic airlines. This is intended to enhance the operational stability of airlines with the goal of strengthening the competitiveness of the domestic aviation industry.

A representative from Galaxia Moneytree stated, “Starting with aviation finance, we plan to sequentially conduct asset valuations for the six underlying assets we hold,” adding, “We will work with Korea Ratings Corporation to carry out fair value modeling of the underlying assets and accelerate the launch of fractional investment products.”

Meanwhile, Galaxia Moneytree has applied to the Financial Services Commission for innovative financial services related to non-monetary trust beneficiary certificates of underlying assets, including aviation finance. Additionally, for underlying assets such as prospective racehorses, the company aims to submit a securities registration statement for investment contract securities to the Financial Supervisory Service early this year.