[Click e-Securities] "Galaxia Moneytree Expected to Benefit from STO Legalization"

On October 23, Yuanta Securities stated that Galaxia Moneytree is expected to benefit from the introduction of the Security Token Offering (STO) system.

Kwon Myungjun, a researcher at Yuanta Securities, explained, "STO refers to the digitalization and issuance of securities (such as stocks, bonds, and equity) in the form of tokens under the current Capital Markets Act." He added, "Looking at the recent stock price trend of Galaxia Moneytree, the stock price showed strong performance whenever expectations for the legislation of the STO bill increased."

He continued, "Although the bill is currently pending, the government's five-year national policy plan includes content related to the institutionalization of STO. The President's campaign pledges also contain references to STO."

He noted, "Major countries overseas are directly or indirectly preparing legislation related to STO, so expectations for legalization remain valid."

Researcher Kwon analyzed, "If commercialization proceeds in earnest after legalization, there is a high possibility that the market will pay close attention. Galaxia Moneytree is preparing for the commercialization of both investment contract securities and non-monetary trust beneficiary securities under STO."

He also explained, "Except for securities firms engaged in custodial services, only a small number of companies are actually conducting STO businesses. Galaxia Moneytree is highly likely to expand in various ways based on its references."