The first-generation fragmentation investment industry that is doing well in the second half of the year…The challenge is monetization

Together Art George Condo Works Record 9.56% Return
Music cow god “Why” auction closes early in 26 seconds
Kasa plans to hold one more public offering and sale within this year
The next task of the first-generation fragmentation investment industry ‘improving profitability’

This article has been translated into English through AI.

[Edaily Marketin Reporter Kim Yeon-seo] Products introduced by Korea’s first-generation fragmentation investment platforms are performing well in the market this year. Those who have been incorporated into the system seem to prove the investment value of fragmentation investment products as a new investment tool. Each of the fragmentation investment companies seems to be preparing new public offering products while making securing profitability the next task.

The first-generation sculpture investment companies include △ Casa △ Punble △ Lucent Block △ Music Cow △ Together Art △ Seoul Auction Blue △ Stockkeeper. Casa, Punble, Lucent Block, which runs real estate sculpture investment business, and Music Cow, a music investment platform, have entered the system with the Financial Services Commission’s approval of innovative financial services. Art sculpture investment platform Together Art, Seoul Auction Blue, and Korean beef sculpture investment platform Bank Cow operator Stockkeeper are issuing investment contract securities with approval from financial authorities.

According to data released by Together Art on the 13th, Together Art recently recorded a 9.56 percent return through the sale of its third art piece. After tax deduction per share, the liquidation amount is about 19,956 won, which is more than 9% higher than the public offering price (10,000 won per share). The underlying asset of the third securities issued by Together Art is “Untied,” a 1996 work by George Condo. Together Art has raised a total of 1.028 billion won by issuing 1,028 million shares at the public offering price of the third securities at 10,000 won per share.

Investment in music pieces is also hot. “God’s Why” Auction, which Music Cow opened on March 29, closed early in 26 seconds. It is the fastest closing record of Music Cow’s auction at Music Securities. Music Cow said, “As the royalty rate for the past year (before tax) was as high as 22 percent (17 percent based on the upper limit price) based on the authorization of the auction (9,000 won or 9 dollars), the auction attracted a lot of attention even before it started.”

Casa is in the midst of preparing for a public offering and sale of real estate trust beneficiary certificates. Casa is considered one of the fastest turnover rates in the real estate investment industry from public offering to sale. Following the sale of the TE distribution center this year, it is seeking to purchase additional real estate within the year. In September, it also plans to introduce a piece investment product based on a small building in Seoul as an underlying asset.

Industry experts say that the first-generation fragmentation investment industry is solidifying the foundation of the token securities issuance (STO) market. Although there are concerns about safety and investor protection as it is a new investment product, it is positive because it is generating returns and dividends more stably than expected. Analysts say that demand for investment will continue given that investors are constantly interested in the situation where the system is not in place due to the indifference of the authorities.

The next task for the first-generation fragmented investment industry is expected to improve profitability. As first-generation companies have already experienced one cycle, from product discovery to securities issuance, it is also an important task to make profits to ensure business continuity. However, as the process of issuing fragmented investment products is complex and requires a lot of manpower, questions are raised as to whether companies can generate as much profit as they want.

An STO industry official said, “Profits must remain for the business to continue, but it must take a long time for a complex issuance process and approval from the authorities. Since there are many things to consider, such as protecting investors, it is not easy to continue the business,” adding, “It took more than 10 years for ETFs to establish themselves in the market. The token securities market is still in its infancy, and I think it will take that much time for unstructured securities to establish themselves in the market.”