2022-12-23
SINGAPORE, Dec. 23, 2022 /PRNewswire/ — On Dec. 21, 2022, the Financial Services Commission of Korea (“FSC“, financial regulator in Republic of Korea) designated a blockchain-based fragmentized investment platform to be operated by APANDA Partners (hereinafter “APND) as an innovative financial services (so called, “Sandbox Approval“). In general, FSC has taken very conservative and prudent position in issuing Sandbox Approvals to blockchain-tech companies (in particular, after occurrence of many incidents in crypto-market) and APND went through FSC’s intensive examination procedures for last 1 year, which is why this Sandbox Approval to blockchain-based fragmentized investment platform deserves attention from the financial markets.
As a background behind APND’s successful acquisition of the Sandbox Approval, it is noteworthy that APND is a joint venture of the most ideal three parties as far as a real-estate related business is concerned. EQBR Holdings (“EQBR“), the largest shareholder is a start-up which developed amazing STO solution whereby anyone can complete offering of securities tokens including making and publishing overall applications (e.g., wallets, exchanges, etc.) within 30 minutes. IGIS Asset Management (“IGIS“), the nation’s top real estate asset management company, has the best capability to source the high-quality assets to be tokenized and Shinhan Financial Group (“Shinhan“), the nation’s largest financial group 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 would be able to produce the synergy which has never been experienced before.
APND’s business model is summarized as follows: APND acquires the high-quality assets (mainly real-property secured loans) located by IGIS and trusted it to Shinhan. Shinhan will issue and sell the beneficial certificates…
