[Special Stock] STO Legalization Expectations... IT Eyes Hits Upper Price Limit

On April 21, stocks related to Security Token Offerings (STO) are showing strong performance amid expectations for the legalization of STOs. STOs are issued in the form of tokens that fractionalize assets such as stocks, bonds, artworks, and real estate using blockchain technology, enabling small-scale investments in high-value physical assets.

As of 12:03 p.m. on this day, IT Eyes was trading at 7,720 won, up 1,780 won (29.97%) from the previous trading day, hitting the upper price limit. At the same time, other STO-related stocks such as Uracle (16.85%), ITCen (9.60%), and Finger (5.80%) were also showing strong gains.

Recently, expectations for legalization have been growing as Kim Yongjin, a professor at the School of Business Administration at Sogang University and a member of the think tank "Growth and Integration"?the policy advisory group for Lee Jaemyung, a presidential candidate of the Democratic Party of Korea?has participated in related discussions. Professor Kim has previously hosted an STO-related forum for the group.

In February, Professor Kim hosted a forum on the theme of "The Digital Financial Ecosystem and the Convergence of Security Tokens," during which candidate Lee sent a congratulatory message in person.