Aiitone Participates in Global STO Forum, Discloses STO Business Blueprints

A scene from the first global Tokenomy Korea 2023 International Forum held on the 12th at the Korea Exchange International Conference Center

Aiitone, a KOSDAQ-listed company, participated in the first global STO (Security Token Offerings) forum held in Korea and presented a blueprint for the era of STOs.

Aiitone (230980, CEO Jin Yeop Lee), a fintech company based on block chain technology, participated in the Tokenomy Korea 2023 International Forum held on the 12th at the Korea Exchange International Conference Center. The forum was centered on the theme of “STO, the beginning of a new financial investment market." During the event, Aiitone presented its STO promotion strategy, in anticipation of the Web3.0 era.

At this event, Aiitone emphasized its 38 years of IT experience and its 'expertise in building a standard platform for STO' that is capable of issuing and distributing STO. In addition, Aiitone announced its ambition to introduce electronic bill STOs applied with its technology. This included a financial-block chain linkage solution and a real-time total payment application system.

In particular, it entered the electronic bill STO market, estimated at about 72 trillion won, in partnership with the domestic 1st financial sector. It also announced a policy to connect electronic bills issued by small and medium-sized enterprises with token securitization through piecemeal investment. This will provide small and medium-sized enterprises with an opportunity for easy ‘funding' and safe ‘diversified investment' for investors.

Aiitone is also reviewing a real estate STO that can transparently divide and own real estate assets. Currently, it has entered into business agreements related to STO with a real estate trust company (Mugunghwa Trust), a developer (Koryo Asset Development), and a construction company (Sungjee Construction). Aiitone plans to expand its investments in fragmented energy assets, including solar power and offshore wind power, as part of its future business diversification strategy.

In addition, the company plans to advance as a specialist in a comprehensive digital financial platform that is suitable for the Web 3.0 era. This includes offering introductory STO solutions for fintech companies interested in developing a platform for STO-issued products.

A company official stated, “Aiitone is actively promoting STO projects in various sectors, including electronic bills and real estate." The official further added, "We anticipate STOs to become a new growth driver for Aiitone, a company that is renowned both domestically and internationally for its cutting-edge IT technologies such as AR, VR, XR, and AI.”

Meanwhile, in the special session held in the afternoon, Vice President Sang Il Park, who joined Aiitone as an expert in the STO field, gave a lecture on the topic of ‘The Role of Account Management Institutions in the Token Market', drawing great attention from the industry.

Vice President Park predicted that account management institutions (securities and banks), which will play a pivotal role in STOs such as acquisition and investment in new securities; Issued asset sourcing; Liquidity supply; Storage and management of trust assets; Deposit management and issuance support; Sales and brokerage due to the nature of STOs based on securities, will lead the market due to the nature of STOs based on securities.

Vice President Park said, “In order to build a healthy token securities ecosystem, government deregulation and account management institutions need to play an active and inclusive role.” Furthermore, he added, “It is important to create a virtuous cycle structure in which various companies with issued assets can start issuing token securities for valuable products, allowing for the liquidation of assets. This can be achieved by account management institutions directly building token securities infrastructure."

He continued, “We expect STO to be priming water that continues the global K craze in the digital Fintech field,” and "considering the future growth potential, we should focus on building and developing an ecosystem."

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