Musicow: "NXT Consortium Fully Equipped to Operate the Fractional Investment Market"

Musicow, the music investment platform that has been leading the growth of the domestic fractional investment market, addressed the recent controversy surrounding the preliminary approval for the over-the-counter exchange for fractional investments, stating on January 13, "The business plan of the Nextrade (NXT) consortium fully incorporates Musicow's market expertise, which has been accumulated based on its overwhelming market share."

Founded in 2016, Musicow launched the world's first music securities platform and currently accounts for 98% of fractional investment products traded in Korea and 73% of the total transaction volume. The company has accumulated distribution capabilities by achieving a cumulative transaction amount of over 400 billion won across more than 1,100 products.

This market operation expertise and capability have been reflected throughout the NXT consortium's business plan. Based on Musicow's trading experience, the company has prepared measures to enable a swift and stable service launch. The business plan faithfully incorporates market operation and activation know-how accumulated through Musicow's user behavior analysis and various data.

Musicow stated, "We believe that for the new asset market to grow and become active in a stable manner after institutionalization, it is crucial for financial infrastructure institutions that have already established credibility within the institutional framework to play a role in terms of market operation and investor protection systems. That is why we joined the NXT consortium," adding, "We will fully incorporate the operational experience and expertise we have accumulated into the initial distribution market policies to contribute to market activation."

The company also pointed out that most innovative businesses and fractional investment operators, including Musicow, are participating in the distribution consortium in various forms. In the case of the NXT consortium, four leading fractional investment companies-Musicow, Sejong DX, Stock Keeper, and TogetherArt-are participating. In contrast, among fractional investment companies, only Lucent Block is participating in the Lucent Block consortium.

Regarding the recent controversy, Musicow expressed concern that the diverse opinions of various operators in the fractional investment industry are not being sufficiently reflected. The company noted that if the preliminary approval process is delayed, the impact could affect not just specific operators but the entire fractional investment industry.

Musicow stated, "If this controversy leads to a delay in market opening, the damage will inevitably be borne by the many innovative businesses and fractional investment operators," and warned, "If institutionalization is delayed and the distribution market cannot be launched properly, the entire fractional investment industry could face a crisis of collapse."

The company further emphasized, "Many fractional investment operators are waiting for the market to open as soon as possible," adding, "The most urgent task for the fractional investment industry right now is to create the conditions for the market to be established without further delay."