Online investment-linked finance (P2P) firm Eight Percent said on the 20th that it acquired Blockchain-based token securities (STO; Security Token Offering) operator A Panda Partners to become the largest shareholder.
Eight Percent plans to pioneer a new investment route that consolidates Korea's high-quality alternative investment assets with global capital based on the combination of online investment-linked finance and STO.
A Panda Partners has pursued a Blockchain-based fractional investment business that lets multiple investors diversify into loans backed by real asset collateral as the underlying asset. A Panda Partners plans to discover real financial asset that generate stable cash flows, including real estate collateralized loan claims as well as corporations loans, infrastructure, accounts receivable, and lease receivables, and structure them into digital investment products. Work related to the securities industry—such as securities issuance, investment brokerage, and token securities trading linkage—will be carried out independently by A Panda Partners, which has obtained the necessary licenses.
Lee Hyo-jin, CEO of Eight Percent, said, "Online investment-linked finance is essentially a form of fractional investment that consolidates loan claims with multiple investors," and added, "Expanding into the digital capital market based on the experience and capabilities Eight Percent has accumulated over 12 years is a natural progression."