Global fintech platform company TOKENASIA Korea (CEO Jang Jae-hoon) announced on the 23rd that it is establishing an integrated support system combining manufacturing, distribution, and finance to support domestic food companies entering the North American market. To this end, the company signed a business agreement with World Food (CEO Shin Joo-sik), the manufacturer of Korea's leading nut brand Mugerbon, and global distribution specialist FB Holdings (CEO Kwon Jun), for strategic overseas export cooperation and financial support.
Through this agreement, TokenAsia Korea will oversee strategic financial consulting and the design of a global supply chain asset securitization structure required for global market entry. This role will alleviate the financial burden that can arise when entering major US distribution channels, and support the securing of stable working capital and financial structure management.
TokenAsia Korea plans to improve corporate capital turnover efficiency and support export expansion by structuring accounts receivable, settlement payments, and inventory assets generated from large-scale export contracts through asset securitization designs. Going forward, the company plans to expand this structure into token-based supply chain finance products, diversifying financing methods and options for companies expanding globally.
The three companies will initially target major US retailers like Walmart and Kroger for private label product supply. TokenAsia Korea will support financial variable management and local financial and settlement operations, creating an environment where manufacturers and distributors can focus on their core businesses.
Furthermore, based on the operational data and expertise accumulated during the project implementation process, we plan to gradually expand into strategic markets such as Japan, Southeast Asia, and the Middle East. We are also exploring ways to improve payment and settlement efficiency during export and distribution processes by building a global payment infrastructure and utilizing a won-based stablecoin.
TokenAsia Korea has been supporting the overseas expansion of K-brands, building a business model that integrates manufacturing, distribution, and finance. The company stated that this collaboration will enable it to expand its integrated export support model beyond the food industry to encompass diverse industries, including beauty, and support the strengthening of domestic companies' competitiveness in the global market.
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