[Click eStock] "Galaxia Moneytree to Fully Launch STO from Next Year"

On the 28th, IBK Investment & Securities forecasted that Galaxia Moneytree will significantly expand its token securities (STO) business starting next year.

Kim Taehyun, a researcher at IBK Investment & Securities, analyzed, "New business STO-related performance will begin to appear from the second half of this year," adding, "Meaningful contributions to performance will be possible from next year." He continued, "Galaxia Moneytree currently has six underlying assets secured," and "They have submitted documents to the Financial Services Commission to receive designation as an innovative financial service for fisheries finance STO, wind power plant-based renewable energy STO, and aviation finance STO."

He explained, "The aviation finance STO is understood to have advanced to the main review," and "If the aviation finance STO receives designation as an innovative financial service, related products such as aircraft engines will be prepared from the second half of the year." Additionally, "work is underway to submit securities registration statements to the Financial Supervisory Service for electric vehicle charging infrastructure STO, racehorse breeding STO, and solar power-based renewable energy STO," and "they expect to submit them within the first half of this year and complete platform development for public offerings."

This year, sales are estimated to reach 149.9 billion KRW, and operating profit 13.9 billion KRW, representing increases of 13.4% and 32.8%, respectively, compared to last year.