Korean Government Approved A Blockchain-Based Securities Token Platform Deploying EQBR Holdings’ 30-minutes STO Solution


SINGAPORE, December 23, 2022 /PRNewswire/ — In December 21, 2022the Korean Financial Services Commission (“FSC“, financial regulator in the Republic of Korea) designated a fragmented, blockchain-based investment platform to be operated by APANDA Partners (hereinafter, “APND) as an innovative financial service (so called, “Sandbox approval“). In general, the FSC has taken a very conservative and prudent position in issuing sandbox approvals to blockchain companies (particularly after many incidents occurred in the crypto market) and APND went through the intensive examination procedures of the FSC over the past year, which is why this sandbox approval for blockchain-based fragmented investment platform deserves the attention of financial markets.

As background behind APND’s successful acquisition of Sandbox Approval, it is worth noting that APND is a most ideal three-party joint venture when it comes to a real estate related business. EQBR shares (“EQBR“), the largest shareholder is a startup company that developed an amazing STO solution by which anyone can complete the security token offering, including creating and publishing general applications (eg wallets, exchanges, etc.) on 30 minutes IGIS Asset Management (“IGIS“), the country’s leading real estate asset management company, has the best ability to source the high-quality assets to be tokenized, and Shinhan Financial Group (“shinhan“), the largest financial group in the country has the largest customer accounts and sales network. One can easily expect that the combination of the most advanced technology, the best pipeline and the largest sales network will be able to produce the synergy that has never been experienced before.

APND’s business model is summarized as follows: APND purchases the high-quality assets (mainly real estate collateralized loans) located by IGIS and entrusts them to Shinhan. Shinhan will issue and sell the beneficial certificates to clients, but the actual trading will be done through tokens that will be issued by APND. The individual investor can sell and buy on the secondary market in the form of a blockchain-based platform to be operated by APND.

jae kun jung, Head of Business at EQBR, said: “Under the Sandbox approval, APND will be able to provide a safe and profitable investment method to individual investors in an easy and transparent manner, and create the first example showing how Web 3.0 technology can innovate in the financial sector. He added, “EQBR has been developing Web 3.0 business solutions in Singapore Y the United States also from 2021. We will launch the same services in cooperation with local partners in Southeast Asia and US and we strive to localize and standardize our STO services for those regions.”

APND’s new business is scheduled to start within the first two quarters of 2023. The fragmented investment market based on real estate or real estate collateralized loans is still at a very early stage, but its future is bright. KASA Korea, a company that first received Sandbox Approval for its Korea real estate fragmented investment service, forged this market and its corporate value is assessed by more than $10 million reflecting its future value. In addition, new fragmented investment schemes based on other various assets (luxuries, art, meat, etc.) continue to appear in the financial markets, indicating the possibility of securities being replaced by tokens in the future. Anticipating the mainstreaming of the sharding business, EQBR will introduce a “STO as a Service” at the upcoming CES 2023 to be held in January 2023 in Las Vegas to allow anyone to easily start and operate subscription STO services.

About EQBR Holdings:

Founded in 2020, EQBR has engaged with various companies as an operator, investor, and third-party solution provider. EQBR’s innovative blockchain engine called Balance it is the world’s first commercially viable blockchain. Since then, EQBR has developed several dApps in addition to Balanceincluded whispering messenger (a secure blockchain-based messenger), center equalization (a no-code development tool) and now, my flex (an NFT minting platform).

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SOURCE EQBR Holdings, Co., Ltd.