Search results for Lucentblock
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.
Finance
Alipay global ambitions grow as K Bank gains momentum in third IPO bid
Ant Group is accelerating its push into the global payments market, with Alipay Plus linking more than 40 mobile payment apps across dozens of countries in Asia, Europe and the Middle East. The network is used mainly by tourists at 150 million merchants in more than 100 countries and is expanding QR-based payment services to small businesses in developing countries. In South Korea, K Bank is in focus as it pursues a third IPO attempt, alongside product updates and new card features.
