Bycell Standard, the operator of South Korea's token securities platform PIECE, has completed an A-round financing of approximately $2.7 million.
Foresight News reports, according to Newsis, that Bycell Standard, the operator of the Korean token securities (STO) platform PIECE, has completed a 4 billion KRW (approximately 2.7 million USD) Series A financing round. Investors include Xperix Group, S&S, among others, with Xperix Group becoming its main strategic shareholder. The new funds will be used for acquiring underlying assets for new products, talent recruitment, and applying for investment intermediary licenses.
Bycell Standard is one of seven multi-asset issuers in Korea approved for business restructuring by the Financial Services Commission’s Securities and Futures Commission, and is also a member of the KDX Alliance with preliminary licensing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Diamondback (FANG.US): Permian Basin will become the largest natural gas producing region in the United States by the 2030s
Diamondback Energy (FANG.US) stated that the Permian Basin, the site of the highest oil production in the United States, will also become the country's largest natural gas production area sometime in the 2030s.
Disney (DIS.US) reportedly plans to lay off thousands of employees, with some managers being asked to save 20% of annual costs.
According to informed sources, Disney (DIS.US) is planning to lay off thousands of employees. The entertainment giant has asked some managers to set their annual cost-saving targets at 20%.
South Korea launches record-breaking budget for AI: 4.7 trillion won to build a "global highest-performance" sovereign model
South Korean President Lee Jae-myung has announced the largest fiscal budget in history—820.9 trillion won, representing a 12.8% surge from the previous year. The investment in AI and semiconductor initiatives will double to 1 trillion won, with an additional 4.7 trillion won allocated specifically for developing a "world’s highest-performance" sovereign AI model. Robust exports provide real support for these ambitions: South Korea’s exports in October alone soared by 93.7% to a record $115.3 billions, with annual exports on the brink of surpassing the $1 trillions milestone.
Crypto prices
More
