<p>Sejong Telecom <a href="https://view.asiae.co.kr/article/2023092708191090381" rel="noopener noreferrer nofollow">said</a> Wednesday that it is going to work with the Korea Real Estate Investment and Trust (KOREIT) to jointly develop security token products.</p><p>Through this agreement, Sejong Telecom aims to transform trust products that are discovered by KOREIT into security tokens and then list them on BBRIC — an integrated real estate investment and income distribution service developed and operated by the Sejong Telecom Consortium — in order to attract investors.</p><h2 id="header-0">Revolutionizing real estate investments</h2><p>BBRIC utilizes blockchain technology to ensure the transparency and security of financial products and provides a crowdfunding-style real estate indirect investment platform that is easily accessible to the general public, thus expanding the accessibility of fractional investments and allowing anyone to acquire information and engage in trading. It has also obtained information security management system (ISMS) certification, further enhancing measures for investor protection.</p><p>“Security token transactions that are conducted online require security, confidence in product value, and transparency of transactions. BBRIC has consistently demonstrated its security and transparency as well as the investment value of its listed security tokens,” said Park Hyo-jin, Head of Sejong Telecom’s blockchain division.</p><p>KOREIT is a leading comprehensive real estate and finance company. Leveraging its long-standing expertise and professionalism, it has been enhancing its competitiveness in various business areas, including land trusts, land trust-led urban improvement projects, and real estate investment trusts (REITs).</p><p>“We will work together with KOREIT to find underlying assets for security tokens and select secure and reliable products with high investment value to offer to investors,” Park added.</p><h2 id="header-1">Further efforts to advance BBRIC</h2><p>Sejong Telecom also recently <a href="https://medium.com/&#64;coinness.gl/sejong-telecom-and-hyosung-tns-to-collaborate-on-real-estate-security-tokens-7879534120e7" rel="noopener noreferrer nofollow">signed a business agreement</a> with Hyosung TNS, the infrastructure and finance arm of South Korean conglomerate Hyosung Group, to promote BBRIC and develop security token services.</p>

Sejong Telecom to Collaborate with KOREIT for Security Token Products

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