I can’t wait…K-STO going overseas

[The STO market without any progress]…The breakthrough is
South Korea’s STO Industry to Lay the Groundwork for Global Market Advancement
Punble Introduces ‘Split’, Blue Asset Tokenization Platform in UAE
ITSEN to list gold, rare earth ST on Malaysian exchange
“The financial regulations of each country…”It’s not easy to go overseas.”

This article has been translated into English through AI.

Korean small-scale investment companies are making inroads into the global market. As they cannot afford to wait for institutionalization of the domestic STO market, they intend to enter the overseas market where the token issuance (STO) market is active. Some expect that even after going through initial trials and errors, they will be able to grow faster if they start with a large pool of water from scratch. Overseas STO exchanges such as Malaysia and Singapore are also showing interest in small-scale investment companies in Korea, and are thus cooperating.

According to the token securities issuance (STO) industry on the 12th, Punble, which operates a token securities issuance platform, participated in the Dubai Fintech Summit, the representative fair of the United Arab Emirates (UAE), in May. At the fair, Funble CEO Cho Chan-sik showed off the global expansion of Punble’s real estate-based token securities issuance and trading platform based on blockchain technology and global expansion through K-cultural tokenization.

It also introduced “SPLIT,” an all-in-one STO platform that tokens anyone without the need for blockchain technology. Starting with its participation in the event, Punble is expected to enter the MENA (Middle East and North Africa) market.

The collaboration between Korean companies and overseas exchanges is also notable. Creder, an affiliate of ITSEN, is collaborating with GreenX, a Malaysian digital asset exchange. It allows real-linked assets (RWA) traded on GreenX to be traded on Gold Station.

This month, GreenX launched “Udigau” (Dignity Gold), a gold mining token, on the gold station, a DeFi and DeFi platform operated by Creder. The product can now be traded through GreenX and Gold Station. Later, RWA, including rare earths and ceramics, currently traded on GreenX, will also be traded on Gold Station.

“Due to technical problems, we put a wrap on the Dignity Gold token traded on GreenX and released it under the name of Woodygau at Gold Station,” a Creder official said. “The two tokens are the same product.”

ITCEN and CREDER held a physical assets (RWA) showcase on Wednesday. Among the products registered on the Malaysian Digital Asset Exchange (GreenX), RWA products related to digital art and real products were showcased. The event was also attended by Japanese auction house Shinwa Auction Hong Kong’s fine art asset manager Taishan and Malaysia’s KSGems.

Singapore’s STO platform operator IX Swap is expanding its contact point with Korean small-scale investment companies. Last year, it entered the Southeast Asian market by signing a business agreement with the operator of the small-scale investment platform “Piece.” According to related industries, IX Swap is reportedly preparing for business with a number of domestic STO companies in addition to the Bicell Standard.

Amid the growing interest of the domestic STO industry in the global market, some worry that it will not be easy to enter overseas markets. Jang Kyung-pil, head of the Jingle Research Center, said, “It is not easy to create attractive investment products in Korea and procure them in the global market. Financial regulations vary from country to country, and it will be difficult to comply with them unless it is a local company.”