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STO is a decentralized global marketplace for tokenized alternative investments with the goal of providing access to digital assets to people around the world. Asset issuers such as private companies, venture capital firms or funds can use the STO platform to easily issue tokens and distribute them to the global investor community.
Coinone announces strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings
on June 4, Coinone announced its strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings at its headquarters in Yeouido, Seoul. Previously, Korea Investment Securities and OKX had each acquired a 20% stake in Coinone, becoming its third-largest shareholders. Coinone CEO Cha Myunghoon retains his position as the largest shareholder with a 30.36% stake, while Com2uS Holdings continues as the second-largest shareholder with a 24.54% stake. Coinone stated that this is a strategic investment aimed at bridging traditional finance and the crypto asset market, rather than a purely financial one. OKX will serve as Coinone's global technology partner, providing its accumulated technical expertise and support, including trading technology and wallet infrastructure. Korea Investment Securities will offer support in traditional financial compliance and trust systems, while Com2uS Holdings will provide content IP and IT infrastructure. Coinone indicated that in the short term, it will leverage the capabilities of its partners to strengthen its competitiveness in the South Korean crypto asset market. In the medium term, it plans to launch digital financial products such as STOs and stablecoins within the legal framework. Cha Myunghoon stated that after bringing in new shareholders, the continuity and stability of the company's operations will be maintained.
South Korean listed company ITCEN Global raises KRW 40 billion to expand its Web3 business
According to Chosun, Korean-listed IT service provider ITCEN Global announced raising KRW 40 billion (approximately USD 3 million) through the issuance of convertible bonds. The funding round was fully subscribed by ITC Holdings, which is wholly owned by the KCGI Innovation Growth ESG Fund. The proceeds will be used to expand new businesses, including Web3 and security token offerings (STOs). The company stated that if South Korea’s digital asset regulatory framework is finalized in the second half of the year, these initiatives are expected to accelerate.
Coinone announces strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings
on June 4, Coinone announced its strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings at its headquarters in Yeouido, Seoul. Previously, Korea Investment Securities and OKX had each acquired a 20% stake in Coinone, becoming its third-largest shareholders. Coinone CEO Cha Myunghoon retains his position as the largest shareholder with a 30.36% stake, while Com2uS Holdings continues as the second-largest shareholder with a 24.54% stake. Coinone stated that this is a strategic investment aimed at bridging traditional finance and the crypto asset market, rather than a purely financial one. OKX will serve as Coinone's global technology partner, providing its accumulated technical expertise and support, including trading technology and wallet infrastructure. Korea Investment Securities will offer support in traditional financial compliance and trust systems, while Com2uS Holdings will provide content IP and IT infrastructure. Coinone indicated that in the short term, it will leverage the capabilities of its partners to strengthen its competitiveness in the South Korean crypto asset market. In the medium term, it plans to launch digital financial products such as STOs and stablecoins within the legal framework. Cha Myunghoon stated that after bringing in new shareholders, the continuity and stability of the company's operations will be maintained.
South Korean listed company ITCEN Global raises KRW 40 billion to expand its Web3 business
According to Chosun, Korean-listed IT service provider ITCEN Global announced raising KRW 40 billion (approximately USD 3 million) through the issuance of convertible bonds. The funding round was fully subscribed by ITC Holdings, which is wholly owned by the KCGI Innovation Growth ESG Fund. The proceeds will be used to expand new businesses, including Web3 and security token offerings (STOs). The company stated that if South Korea’s digital asset regulatory framework is finalized in the second half of the year, these initiatives are expected to accelerate.
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Coinone announces strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings
on June 4, Coinone announced its strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings at its headquarters in Yeouido, Seoul. Previously, Korea Investment Securities and OKX had each acquired a 20% stake in Coinone, becoming its third-largest shareholders. Coinone CEO Cha Myunghoon retains his position as the largest shareholder with a 30.36% stake, while Com2uS Holdings continues as the second-largest shareholder with a 24.54% stake. Coinone stated that this is a strategic investment aimed at bridging traditional finance and the crypto asset market, rather than a purely financial one. OKX will serve as Coinone's global technology partner, providing its accumulated technical expertise and support, including trading technology and wallet infrastructure. Korea Investment Securities will offer support in traditional financial compliance and trust systems, while Com2uS Holdings will provide content IP and IT infrastructure. Coinone indicated that in the short term, it will leverage the capabilities of its partners to strengthen its competitiveness in the South Korean crypto asset market. In the medium term, it plans to launch digital financial products such as STOs and stablecoins within the legal framework. Cha Myunghoon stated that after bringing in new shareholders, the continuity and stability of the company's operations will be maintained.
South Korean listed company ITCEN Global raises KRW 40 billion to expand its Web3 business
According to Chosun, Korean-listed IT service provider ITCEN Global announced raising KRW 40 billion (approximately USD 3 million) through the issuance of convertible bonds. The funding round was fully subscribed by ITC Holdings, which is wholly owned by the KCGI Innovation Growth ESG Fund. The proceeds will be used to expand new businesses, including Web3 and security token offerings (STOs). The company stated that if South Korea’s digital asset regulatory framework is finalized in the second half of the year, these initiatives are expected to accelerate.