Search results for Lucentblock
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.
Finance
STO over-the-counter exchange stalls as Financial Services Commission delays review amid fairness row
A decision on preliminary licences for an over-the-counter exchange dedicated to fractional investment and tokenised securities has been delayed after Lucentblock raised fairness concerns and filed a complaint with the Fair Trade Commission. The Financial Services Commission did not table the agenda at its regular meeting. Reportedly, two consortia had been picked as preliminary licence candidates. Lawmakers and startup groups criticised the process, while regulators and the consortia denied wrongdoing.
