Korea ST Trading (CEOs Won-dong Cho and Sang-jun Jeong) announced on the 7th that it has signed a memorandum of understanding (MOU) with Together Art (CEO Hyun-soon Do), an art sculpture trading platform, to promote a new business based on tokenized securities offerings (STOs). Together Art, a subsidiary of K Auction, has been promoting the issuance of investment products based on artwork as underlying assets.
Through this agreement, the two companies will jointly pursue the issuance and distribution of new types of securities (trust beneficiary securities, investment contract securities) and token securities backed by art, as well as the establishment and operation of related platforms. Furthermore, the two companies plan to expand joint projects, including the securitization of various real assets beyond art, as well as to revitalize the token securities market and explore new business models.
Through this collaboration, the two companies plan to increase the digital transformation of real-world assets and their liquidity within the capital markets, and prepare for market expansion following the institutionalization of token securities.
Together Art has issued seven art-based investment contract securities since 2024, and plans to expand its distribution market through this agreement based on its experience issuing new types of securities.
Do Hyun-soon, CEO of Together Art, said, “Through our collaboration with Korea ST Trading, we will be able to further systematize the distribution infrastructure for art investment contract securities and token securities,” adding, “We will increase accessibility to art asset transactions and create a more transparent and efficient distribution ecosystem.”
Jeong Sang-jun, CEO of Korea ST Trading, said, “The collaboration with Together Art is an important opportunity to diversify the field of issuing real-asset-based securities,” and added, “As a distribution platform operator, we will focus on creating an STO distribution ecosystem with a stable and sustainable structure.”
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