<p>Buysell Standards, a South Korean company operating fractional investment platform Piece, is accelerating its expansion into the Southeast Asian market through a recent business collaboration.</p><p>A <a href="https://www.fnnews.com/news/202312220834393436" rel="noopener noreferrer nofollow">report</a> from Korean news outlet Financial News indicates that the company has signed a memorandum of understanding (MOU) with AGST, a subsidiary of blockchain-focused investor Fundiant Holdings. This collaboration aims to launch security token projects within the Association of Southeast Asian Nations (ASEAN) region.</p><h2 id="header-0">Singapore in Q1 2024</h2><p>As an asset manager in Singapore and Japan, AGST is set to play a pivotal role in the issuance and distribution of security tokens in these markets. Their strategy includes launching security token products in Singapore in the first quarter of next year. These products will be backed by assets from Buysell Standards.</p><p>The partnership between Buysell Standards and AGST is set to be multifaceted, encompassing several key areas of collaboration. Together, they will focus on developing new investment products and building the necessary infrastructure to support them. They will also focus on marketing and promotional efforts in the ASEAN region.</p><h2 id="header-1">Anticipating regulatory exemption</h2><p>Buysell Standards is among the seven companies that received approval from the South Korean Financial Services Commission to issue security tokens. The company is anticipating a regulatory exemption from the government, which would allow them to introduce fractional investment products linked to ship finance.</p><p>Buysell Standards expects that its partnership with AGST will facilitate quicker access to funding from international sources for high-quality investment products in South Korea. Meanwhile, AGST seeks to introduce a range of Korean assets to the global security token market.</p><p>Emphasizing the quick adoption of fintech by ASEAN investors and their fondness for South Korea, Shin Beom-jun, CEO of Buysell Standard, stated that the company is committed to actively promoting Korean security token products on the global investment stage.</p><p>Kim Chang-soo, Chairman of Fundiant Holdings, expressed his ambition to strengthen the Korean security token market. He observed that the market is currently in an early stage of development, leading to the undervaluation of underlying assets. He believes that introducing Korean security tokens to international markets will reciprocally aid in the expansion and maturation of the domestic market.</p>

Buysell Standards and AGST collaborate to expand security token projects in Southeast Asia

목차

CoinNess Global

2023년 12월 22일에 게재된 다른 기사

Justin Sun Explores Solana and Tron Wallet Integration Amid SOL Rally

Clock Ticking: 6 Hours Left in MetaWin's Thrilling $1 Million USDC Prize Race

Analyst Examines BTC Halving Hype, Dismisses Anticipations of its Long-Term Impact

SBF’s Gem Shines Bright: Solana 20-Month High Makes It Crypto’s Next Big Thing

Whales Move Over $675,000,000 in Bitcoin, Ethereum, XRP, Solana and Polygon – Here’s Where the Cr...

Momentum of Metaverse Projects Lead Increase in Presale of Crypto

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!