Search results for Lucentblock
Crypto
FSC says approval process for fractional investment OTC exchange was fair, shares operators\' frustration
South Korea’s Financial Services Commission said its preliminary licensing process for a fractional-investment over-the-counter exchange was conducted fairly, while acknowledging the frustration felt by Lucentblock after failing to win approval. During a parliamentary audit, lawmaker Min Byung-deok questioned whether sandbox firms’ results are properly recognised in institutionalisation. The FSC noted the relevant law allows, but does not require, a review panel to be consulted when a firm seeks formal authorisation.
Finance
Nextrade STO consortium cleared by FTC, steps up push for final licence
An NXT fractional investment consortium involving Nextrade will accelerate its push for a final licence for an over-the-counter trading venue after South Korea\'s Fair Trade Commission found no wrongdoing in claims of unfair technology use and business interference. Nextrade said the watchdog concluded it was hard to see that it used Lucentblock\'s technology or obstructed its business. The consortium plans to apply for final approval and prepare for a market launch in the fourth quarter of 2026.
Finance
KDX, NXT chosen for STO over-the-counter exchange pilot; Lucentblock left out
South Korea\'s Financial Services Commission selected the Korea Exchange-Koscom KDX consortium and the NextTrade-Musicow NXT consortium as preliminary license candidates to open a pilot over-the-counter exchange for tokenised securities. The FSC granted NXT conditional approval, saying it would halt the full licensing review if the Fair Trade Commission opens an administrative probe into technology theft allegations raised by Lucentblock. Lucentblock was dropped after receiving a lower evaluation score.
