[Click eStock] "Galaxia Moneytree, a Business Ready for STO Legalization"

Growth Research analyzed on the 26th that Galaxia Moneytree should be noted ahead of the legalization of token securities issuance (STO). They did not disclose an investment opinion or target price.

Galaxia Moneytree is the only publicly listed company in Korea designated as an innovative financial service for its "blockchain-based aircraft engine trust beneficiary certificate trading and distribution service." They are preparing a fractional investment business that trusts physical aircraft engines as underlying assets, issues trust beneficiary certificates through electronic registration, and distributes them to investors via a platform.

In particular, by issuing token securities for aircraft engines averaging over 10 billion KRW, it alleviates the lease cost burden of low-cost carriers (LCCs) and has the advantage of repeatedly issuing token securities. Additionally, it provides investors with opportunities to invest in various products. This service is expected to launch as early as the first half of next year.

Jae-mo Lee, a researcher at Growth Research, said, "Galaxia Moneytree has secured a total of six underlying assets so far and is promoting the business by forming consortia for issuance, distribution, and trust for each underlying asset," adding, "Galaxia Moneytree, having secured various underlying assets before the legalization of token securities, will be able to solidify its position as a market leader as the market opens."

Efforts for the legal institutionalization of token securities began in 2022 with the announcement of fractional investment guidelines, which provided criteria to determine whether something qualifies as a security. The following year, the Financial Services Commission announced token securities guidelines, establishing methods for STO issuance and distribution. Recently, a seminar to revitalize the token securities market was held, hosted by Kim Jae-seop of the People Power Party and Min Byung-duk of the Democratic Party, raising expectations for the enactment of related token securities legislation.