[Delio] Delio signs MOU for STO platform with Lambda256, ITEYES, and Eugene Investment & Securities
Eugene Investment & Securities made an official announcement today regarding the signing of a memorandum of understanding (MOU) with Lambda256, a subsidiary of Upbit, ITEYES, and Delio, aimed at the development of a Security Token Offering (STO) platform.
The primary objective of this MOU is to establish and conduct testing on a comprehensive platform dedicated to promoting the STO securities business. Eugene Investment & Securities will assume responsibility for constructing a platform capable of issuing a diverse range of underlying assets in the form of STOs, leveraging the advantages of distributed ledger technology. Delio, in its pursuit of entering the over-the-counter (OTC) market, will play a vital role in the development of an STO distribution platform, which will be seamlessly integrated with Eugene Investment & Securities’ existing issuance platform.
Lambda256, renowned for its proprietary blockchain solution known as Luniverse, will provide extensive support for the integration and development of the STO platform with other blockchain networks specifically designed for STO distribution. ITEYES, acknowledged for its technological expertise in the field of securities, will be responsible for the development of user interfaces and ensuring a smooth linkage between the STO platform and the securities company’s sophisticated information technology (IT) systems, particularly in relation to token product registration and subscription.
The overarching objective of this project is to establish an advanced IT infrastructure capable of facilitating the issuance and distribution of STOs in full compliance with the comprehensive guidelines outlined in the “Token Securities Issuance and Distribution Regulatory System Maintenance Plan,” which was introduced by the Financial Services Commission in February. Notably, a significant milestone was achieved on the 12th of this month, as a momentous business agreement ceremony, dedicated to the construction of the STO platform, took place at the esteemed Eugene Investment & Securities headquarters in Yeouido. The event witnessed the participation of key executives representing Eugene Investment & Securities, Lambda256, ITEYES, and Delio.
CEO of Eugene Investment & Securities Ko Kyung-mo expressed the profound significance of this project, stating, “This endeavor represents the pioneering establishment of an STO platform, positioning us favorably for future business expansions. Through strategic and long-term cooperation, we will actively adapt to forthcoming institutional and technological changes, leading the way in securitizing a wide array of rights and generating new investment opportunities, which aligns seamlessly with the core purpose of the STO business.”
Source(KR): Seoul Economic Daily
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