Digital finance specialist GalaxiaMoneytree(094480) said on the 4th that it shifted the push structure for its security token offering (STO) issuance business to center on its subsidiary GalaxiaFN and submitted an application for a license for revenue securities investment brokerage to the financial authorities.
The company applied for a license for revenue securities investment brokerage in Sep. last year and has built a foundation for the STO revenue securities business. To enhance the expertise, independence, and scalability of the business going forward, it plans to reorganize the promotion structure around GalaxiaFN.
Starting with the license application, GalaxiaFN will undergo reviews and due diligence by the financial authorities. It plans to strengthen the institutional business operation foundation, including internal controls and investor protection systems. GalaxiaMoneytree, centering on GalaxiaFN, intends to push the overall STO business, including ▲ discovering underlying assets ▲ structuring revenue securities ▲ recruiting investors ▲ product management.
GalaxiaFN counts ITCEN GLOBAL(124500), Korean Air Lines(003490), K Aviation, Hyosung ITX(094280), and TMONET among its shareholders. The company plans to leverage the industry-specific expertise and networks held by shareholder companies to diversify the underlying assets targeted for STOs and build a business base that can expand over the mid to long term.