[Click eStock] "ITCEN, Growth Momentum Highlighted in AI-BDX-STO"

KB Securities analyzed on the 25th that ITCEN is at a point where growth momentum is highlighted in areas such as artificial intelligence (AI), digital asset exchange (BDX), and token securities (STO).

The ITCEN Group was selected as the preferred negotiator for the establishment and operation of the Busan Digital Asset Exchange (BDX) on the 15th of last month. Currently, detailed matters such as the operation period, method, and system are being coordinated, and the main contract is expected to be signed in early February.

Researcher Sang-guk Lim of KB Securities stated, “Based on the accumulated know-how and experience as a digital asset platform operator such as Sengold, there is an expectation of potential to leap forward as a digitalizing and optimal trading platform for newly added assets in the future,” and analyzed, “BDX is a convergence of the latest technologies including blockchain, network infrastructure, cloud, AI, and security, and various digital assets with real value such as carbon emission rights, raw materials, precious metals, logistics, culture, and token securities will be traded in the future.”

Sengold is a digital asset trading platform service that allows fractional investment in expensive precious metals in units of 1/100g. Since its launch in March 2020, it has continued to grow, recording 1 million cumulative users and a cumulative transaction amount of 800 billion KRW.

Additionally, ITCEN, as the operator of Hana Financial’s token securities (STO) platform, has applied for designation under the STO regulatory sandbox based on real trust beneficiary certificates such as gold and raw materials, and is currently undergoing the main review.

AI and cloud are also emerging as new growth engines. He analyzed, “Subsidiary Cloit signed an MOU with Naver Cloud in August last year and held the HyperClovaX Forum in November, showing positive growth momentum through the expansion of enterprise generative AI and the MSP (Managed Service Provider) business for establishing customized B2B AI services.”