Shinhan Investment & Securities announced on the 29th a partnership with TogetherArt, an art fractional investment platform, expanding its account management services to four fractional investment platforms. Shinhan will provide account opening and integration services for TogetherArt users subscribing to fractional investment products, and will serve as the account management institution responsible for segregated custody of investor deposits. TogetherArt, a subsidiary of art auction house K Auction, operates a subscription service offering investment contract securities for high-value artworks, having publicly offered 10 artworks to date.
Shinhan Investment & Securities Provides Account Services for TogetherArt Platform
Subscriptions for TogetherArt's new fractional art investment products are conducted on its proprietary platform. Shinhan Investment & Securities supports TogetherArt customers by facilitating securities account opening and integration required for fractional investment product subscriptions. Investor deposits are securely held in segregated accounts at Shinhan Investment & Securities to protect investor rights. With the addition of TogetherArt, Shinhan now provides account management services to four fractional investment platforms, including BankCow, which offers fractional investment products in Korean beef.
Shinhan Investment & Securities Expands Fractional Investment Ecosystem Participation
Shinhan Investment & Securities collaborates with three non-monetary trust securities issuance platforms: MusicCow, Galaxia Moneytree, and Apanda Partners. The firm participates as a shareholder in both KDX and NXT, the two major fractional investment trading exchanges, leading the fractional investment ecosystem across issuance, account management, and distribution.
A Shinhan Investment & Securities representative stated, "We plan to expand partnerships with fractional investment platforms and actively support services based on reliable financial infrastructure. We aim to revitalize the fractional investment ecosystem and, in line with the future institutionalization of security token offerings (STO), enhance customer accessibility and convenience for new products." Shinhan Investment & Securities is exploring new business opportunities in fractional investment and venture capital sectors based on real assets such as music copyrights and artworks, moving beyond traditional loan and project financing-centered finance.
FAQ
What did Shinhan Investment & Securities announce on the 29th?
Shinhan Investment & Securities announced a partnership with TogetherArt, expanding its account management services to four fractional investment platforms. Shinhan will provide account opening and integration services for TogetherArt users and serve as the account management institution for segregated custody of investor deposits.
How many fractional investment platforms does Shinhan Investment & Securities now serve?
Shinhan Investment & Securities now provides account management services to four fractional investment platforms, including TogetherArt and BankCow. The firm also collaborates with three non-monetary trust securities issuance platforms and participates as a shareholder in both KDX and NXT fractional investment trading exchanges.
