Meatbox Global, a livestock distribution platform, and Tessa, a fragmented investment platform, signed a strategic business agreement (MOU) on June 17 to jointly promote the 'meat fragmented investment and STO (Security Token Offering) business.' The agreement signing ceremony was held at Meatbox Global's headquarters in Yeoksam-dong, Seoul.
This agreement is to jointly promote STO business that combines real asset-based livestock product distribution and digital financial technology, and the two companies plan to cooperate in developing piecemeal investment products for meat assets and establishing related institutional foundations.
In particular, we are discussing ways to jointly develop a business model that enhances investment accessibility and strengthens industry reliability and scalability by grafting piece investment and STO issuance technology onto a collateral structure based on physical inspection and designated logistics warehouses. Specific implementation plans and business structures will be finalized through separate contracts.
The two companies plan to use this agreement not only as a simple collaboration but as a starting point for practical commercialization, and to set a new standard in the meat-based digital asset market based on a long-term partnership.
Meatbox Global operates a B2B distribution platform for livestock products and has a system that efficiently connects the entire distribution process, including ordering, payment, and delivery, between producers, restaurants, and distributors. Recently, it has also been focusing on expanding livestock industry-based financial services.
Tessa operates a fragmented investment platform based on real assets such as expensive artworks, and aims to play a leading role in the STO market through various asset securitization.
Meatbox Global CEO Kim Ki-bong said, “The digital transformation of the livestock industry and the diversification of the investment ecosystem are inevitable trends,” and added, “We will work with Tessa to present a new market model that combines distribution and finance.”
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