SINGAPORE, 23 December 2022 /PRNewswire/ — On 21 December 2022Financial Services Commission of Korea (“FSC“, financial regulator of the Republic of Korea) designated a blockchain-based fragmented investment platform to be operated by APANDA Partners (hereinafter referred to as “APND) as an innovative financial service (so-called “Sandbox approval“). In general, the FSC has taken a very conservative and cautious position in issuing Sandbox approvals to blockchain technology companies (especially after the occurrence of many incidents in the crypto market) and APND went through the FSC’s intensive investigation procedures over the past year, which is why this Sandbox the approval of blockchain-based fragmented investment platform deserves the attention of the financial markets.
As background behind APND’s successful acquisition of Sandbox Approval, it is noteworthy that APND is a joint venture of the most ideal three parties when it comes to real estate business. EQBR Holdings (“EQBR“), the largest shareholder is a startup that developed an amazing STO solution where anyone can complete the security token offering, including creating and publishing parent applications (eg wallets, exchanges, etc.) within 30 minutes. IGIS Asset Management (“IGIS“), the country’s premier property management company, has the best ability to acquire high-quality assets to be tokenized and Shinhan Financial Group (“Shinhan“), the country’s largest financial group has the largest customer account 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 high-quality assets (mainly property-backed loans) located by IGIS and entrusts them to Shinhan. Shinhan will issue and sell the beneficial certificates to customers, but actual trading will happen through tokens to 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, business manager of EQBR, said: “Under the Sandbox approval, APND will be able to offer safe and profitable investment method to individual investors in a simple and transparent way, and to create the first example showing how Web 3.0 technology can innovate in the financial sector.” And added, “EQBR has developed Web 3.0 business solutions in Singapore and the United States also since 2021. We will launch the same services in collaboration with local partners i Southeast Asia and the United States and strive to localize and standardize our STO services for these regions.”
APND’s new business is planned to start during the first two quarters of 2023. The fragmented investment market based on real estate or real estate secured loans is still in a very early stage, but the future for it is bright. KASA Korea, a company that first received the Sandbox approval for its real estate fragmented investment service in Korea, carved out this market and the company’s value is rated by more than USD 10 million which reflects their future value. Furthermore, new fragmented investment schemes based on other different assets (luxury, artwork, meat, etc.) continue to appear in the financial markets, indicating the possibility that the securities will be replaced by tokens in the future. Pending generalization of the fragmentation business, EQBR will unveil a “STO as a Service” at the upcoming CES 2023 to be held in January 2023 in Las Vegas to enable anyone to easily launch and operate STO services on a subscription basis.
About EQBR Holdings:
Founded in 2020, EQBR has engaged with various businesses as an operator, investor and third-party solution provider. EQBR’s innovative blockchain engine called Equilibrium is the world’s first commercially viable blockchain. Since then, EQBR has developed several dApps on top of Equilibriumincluding Whisper Messenger (a blockchain-based secure messenger), EQ Hub (a no-code developer tool) and now, My Flex (an NFT coining platform).
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