GALAXIA

<p>Korean financial platform services provider Galaxia Moneytree <a href="https://view.asiae.co.kr/article/2023110710080391224" rel="noopener noreferrer nofollow">announced</a> on Tuesday (local time) that it has signed a memorandum of understanding (MOU) with Charzin, a company that specializes in developing infrastructure for charging electric vehicles (EVs), to design a security token offering (STO) platform that issues security tokens for optimizing the process of EV charging. This includes securing installation sites and facilities for EV charging stations.</p><h2 id="header-0">Merging blockchain and transportation</h2><p>Headquartered in Daegu, Charzin is notable for its app EVZ, which uses a blockchain-based sharing module to connect EV drivers and EV charger owners for faster charging and optimized revenue acquisition.</p><p>Galaxia Moneytree will be responsible for establishing and operating the STO platform, while Charzin will handle business development, support for the launch of security token products and construction of EV charging facilities.</p><p>The signing ceremony for the MOU took place at Galaxia Moneytree’s headquarters in Seoul on Monday with Galaxia Moneytree CEO Shin Dong-hoon and Charzin CEO Choi Young-seok in attendance. The two companies also discussed plans to launch other products that combine finance and EV charging infrastructure.</p><p>“In addition to our ongoing efforts, we plan to design STO products for various underlying assets, such as renewable energy and aviation assets,” Galaxia Moneytree said. The company recently formed an <a href="https://medium.com/&#64;coinness.gl/galaxia-moneytree-forms-aviation-asset-tokenization-consortium-1fe8ceb0dc22" rel="noopener noreferrer nofollow">aviation asset tokenization consortium</a> in September.</p><h2 id="header-1">Ongoing partnerships</h2><p>Meanwhile, Charzin recently announced its <a href="https://www.sisaon.co.kr/news/articleView.html?idxno&#61;155113" rel="noopener noreferrer nofollow">partnership with Hi Investment and Securities</a> to venture into the security token business. The firms plan to raise funds for developing EV charging infrastructure by issuing security tokens and subsequently share the profits from running such projects.</p>

Galaxia Moneytree partners with Charzin to integrate security tokens into EV charging systems

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