Search results for "STOS"

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05:23

The South Korean National Assembly may approve the tokenization securities bill.

According to Gate News bot, South Korea's parliament may be about to approve a draft tokenized securities bill that will eventually give South Korean companies the right to issue blockchain tokens linked to real estate, raw materials, livestock, and copyrighted works. Two bills proposing to institutionalize tokenized securities are under consideration by the Congressional Political Affairs Committee. The bill was drafted by MPs Min Byeong-deok and Kim Jae-seop. Since last December, when former President Yoon Suk-yeol tried unsuccessfully to impose martial law, the National Assembly has been effectively deadlocked. But with the inauguration of Democratic Party (DP) President Lee Jae-myung yesterday, the deadlock is expected to be broken. Democrats have an absolute majority in Congress. Senior party officials have repeatedly called on the Seoul Metropolitan Government to legalize the issuance of security tokens (STOs).

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23:57

According to the Hong Kong media "Hong Kong Economic Journal", Deng Shengxing, chairman of the Hong Kong Stock Analysts Association, suggested that the Hong Kong government has issued green bonds, silver bonds and other bonds, and many large-scale projects in the future will also have the opportunity to raise funds through bond issuance, and the Hong Kong government can consider issuing more bonds in the form of tokenization, so that the general public can deepen their understanding of virtual assets. He also pointed out that security tokens (STOs) must have substantial underlying assets, which can enhance the recognition of security tokens and enable the general public to participate.

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05:05

Liu Furong, co-chief executive of Hong Kong real estate tycoon and Chow Tai Fook family wealth heir Adrian Cheng, a Hong Kong-listed company, said that tokenized funds and e-HKD will be integrated into the same platform. At present, the company holds a Type 9 license from the Hong Kong Securities and Futures Commission to provide asset management services, and intends to get involved in more funds, STOs and financial products in the future. (Ming Pao)

04:57

On December 11, it was reported that Liu Furong, co-chief executive of Hong Kong listed company Arta, a Hong Kong-listed company owned by Hong Kong real estate tycoon and Chow Tai Fook family wealth heir Zheng Zhigang, said that he would integrate tokenized funds and e-HKD into the same platform. At present, the company holds a Type 9 license from the Hong Kong Securities and Futures Commission to provide asset management services, and intends to get involved in more funds, STOs and financial products in the future. Previously, it was reported on November 2 that Arta has partnered with Chainlink Labs to develop a cross-chain fund token.

18:16

CSpro (Hong Kong) Limited (CSpro, formerly known as Signum Digital Limited) announced the official launch of the issuance, distribution and investment services of security token (STO) products in Hong Kong, and began accepting applications from potential security token issuers. According to the press release, CSpro has been licensed by the Securities and Futures Commission to carry on Type 1 (dealing in securities) regulated activities with CE registration number BSH213 and is the first primary issuance and distribution platform in Hong Kong specializing in STOs.

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14:52

Several major South Korean banks have joined a consortium of banks working on security token offerings (STOs), according to news on June 15. In April, Seoul-based NongHyup formed the alliance, which aims to create an ecosystem centered around security tokens. In South Korea, these are blockchain-powered versions of traditional investments such as stocks or bonds, but can also grant equity or other rights in real estate, investment funds or even artwork. Hana Bank, Shinhan Bank, and Woori Bank also joined NongHyup's consortium. The group also includes other fintech companies such as Funble, Trackchain (a subsidiary of fintech Aton) and Artipio, bringing the total number of members to 18. Earlier this year, South Korea legalized security token offerings in response to the growing demand and popularity of digital assets at home and abroad. (Blockworks)

12:15

Odaily Planet Daily News Several major banks in South Korea have joined a consortium of banks working on security token offerings (STO). In April, Seoul-based NongHyup formed the alliance, which aims to create an ecosystem centered around security tokens. In South Korea, these are blockchain-powered versions of traditional investments such as stocks or bonds, but can also grant equity or other rights in real estate, investment funds and even artwork. According to the Korea Herald, Hana Bank, Shinhan Bank, and Woori Bank have also joined NongHyup's consortium. The group also includes other fintech companies such as Funble, Trackchain (a subsidiary of fintech Aton) and Artipio, bringing the total number of members to 18. Earlier this year, South Korea legalized security token offerings in response to the growing demand and popularity of digital assets at home and abroad. (Blockworks)

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03:02

According to inews24 reports, the Korean Financial Supervisory Service (FSS) newly established a special investigation team, an information collection task force and a digital investigation response team. Among them, the special investigation team is responsible for comprehensive disposal of major unfair trading events involving large losses to investors, the information collection working group is responsible for collecting unfair trading information through online and offline activities, and the digital investigation response team will review virtual assets and tokens Investigative technology for new digital assets such as STOs. In addition, FSS will hold an investment briefing from June 1 to the end of December, accept complaints offline and online, and set up a special law enforcement team to review improper transactions.

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