Seoul Auction Blue, an affiliate of Seoul Auction, announced on the 22nd that it is raising 15 billion won in Series C investment to expand its global token securities (STO) business.
This investment attraction was decided in response to the expansion of the domestic and international STO market. Seoul Auction Blue plans to build a global value chain related to STO through the investment. Unlike other STO platform operating companies, the company has a number of overseas partners. Based on its own network, it is pursuing partnerships with local companies such as Singapore, a global STO leader. The company explains that through cooperation with overseas companies, it plans to secure additional networks related to distribution platforms as well as STO issuance.
The domestic STO business is also accelerating through its own art sculpture investment platform SOTWO. It has signed partnerships with leading domestic securities companies such as Shinhan Investment Securities and KB Securities. They are in the process of establishing a system to link account management institutions. Seoul Auction Blue has succeeded in maximizing investor transaction safety by upgrading SOTWO to a structure that allows subscription through multiple securities companies.
A company official said, “We decided to attract Series C investment in order to enter overseas markets where STO-related legislation has already been completed,” and “We plan to secure funds worth 15 billion won and cooperate with companies that are operating STO issuance and distribution platforms, such as in Singapore.”
Meanwhile, Seoul Auction Blue plans to advance its 'art finance' service, which combines finance and art, through this Series C investment. It plans to jointly develop various 'art finance' products, such as art collateral loan services and art funds, through partnerships and collaborations with financial institutions and securities firms.
