Komainu and Crypto Garage partner to bring about institutional crypto adoption

Sejong Telecom to Collaborate with KOREIT for Security Token ProductsSejong Telecom said Wednesday that it is going to work with the Korea Real Estate Investment and Trust (KOREIT) to jointly develop security token products.Through this agreement, Sejong Telecom aims to transform trust products that are discovered by KOREIT into security tokens and then list them on BBRIC — an integrated real estate investment and income distribution service developed and operated by the Sejong Telecom Consortium — in order to attract investors.Photo by NordWood Themes on UnsplashRevolutionizing real estate investmentsBBRIC utilizes blockchain technology to ensure the transparency and security of financial products and provides a crowdfunding-style real estate indirect investment platform that is easily accessible to the general public, thus expanding the accessibility of fractional investments and allowing anyone to acquire information and engage in trading. It has also obtained information security management system (ISMS) certification, further enhancing measures for investor protection.“Security token transactions that are conducted online require security, confidence in product value, and transparency of transactions. BBRIC has consistently demonstrated its security and transparency as well as the investment value of its listed security tokens,” said Park Hyo-jin, Head of Sejong Telecom’s blockchain division.KOREIT is a leading comprehensive real estate and finance company. Leveraging its long-standing expertise and professionalism, it has been enhancing its competitiveness in various business areas, including land trusts, land trust-led urban improvement projects, and real estate investment trusts (REITs).“We will work together with KOREIT to find underlying assets for security tokens and select secure and reliable products with high investment value to offer to investors,” Park added.Further efforts to advance BBRICSejong Telecom also recently signed a business agreement with Hyosung TNS, the infrastructure and finance arm of South Korean conglomerate Hyosung Group, to promote BBRIC and develop security token services.

MARBLEX Token to Be Listed on Japanese Crypto Exchange Zaif Next WeekMARBLEX, the blockchain subsidiary of South Korean game developer Netmarble, has announced the upcoming listing of its governance token, MBX, on the Japanese cryptocurrency exchange Zaif next Wednesday (local time).Photo by Chris Barbalis on UnsplashPenetrating the Japanese marketThe token had previously gained whitelist approval in the Japanese crypto market in July following a thorough assessment by the Japanese Financial Services Agency (FSA), making it the first token from a Korean blockchain gaming project to be whitelisted in Japan. MARBLEX highlighted that it would focus on subsequently expanding the token’s utility in order to establish a sustainable and secure gaming and tokenomics ecosystem.Opening detailsTo celebrate the listing, MARBLEX plans to hold an opening event from tomorrow to next Tuesday, during which it will offer the first 550 Zaif account holders who buy MBX tokens and file applications an additional batch of MBX tokens that amount to 10% of the total number of tokens that they buy. This applies to users who complete their Zaif account registration by tomorrow, and the winners will be announced separately next Tuesday, the company said.The purchase price for MBX coins will be calculated based on the average closing price of MBX on CoinMarketCap from this coming Saturday to Monday. The minimum order quantity per person is 10,000 yen, and the maximum is 500,000 yen.

Emurgo Looks to Fill in Missing Cardano Ecosystem ComponentsEmurgo, the Singapore-based commercial arm and a founding entity of the Cardano blockchain network, plans on working towards filling in the gaps relative to needed Cardano ecosystem components.So said Emurgo Founder and CEO Ken Kodama, in a recent discussion with Andrew Fenton, the Editor of Cointelegraph’s magazine. Emurgo is one of the three entities governing Cardano and has taken on the task of addressing what it perceives as “missing” components in the Cardano blockchain when compared to other leading blockchains.Photo by Traxer on UnsplashAddressing 21 categoriesKodama outlined a strategic shift in Emurgo’s approach, describing it as a transition to a venture studio model to address 21 specific categories that he and his team believe require attention. According to Kodama, the solutions to these gaps will either be built by Emurgo themselves or sourced through investments, hackathons, or grants to incentivize developers within the Cardano community. Kodama stated: “So, that’s what we need to focus on, shifting from where we are today into a venture studio model.”One area that the Emurgo CEO is looking to address is the need to introduce layer 2 solutions to enhance Cardano’s scalability. While other blockchains have seen significant development in this area, Kodama feels that Cardano needs to catch up. Therefore, it’s a priority for Emurgo to cultivate a similar environment within the Cardano network.Along those lines, Emurgo is exploring zero-knowledge rollups and optimistic rollups, indicating the firm’s commitment to exploring and investing in what is the latest cutting-edge blockchain technology. To this end, they’ve already organized hackathons centered around these themes.Developer proficiency issueThe Emurgo boss feels that one of these 21 shortfalls is more pressing than the rest. Kodama acknowledged that the barrier of having developers proficient in more obscure programming languages like Haskell and Plutus is a difficulty. He believes the current pool of developers with expertise in these languages is insufficient. To address this, Emurgo is keen to promote Aiken, a toolkit and a new programming language designed to facilitate the development of smart contracts on the Cardano blockchain.Another one of the highlighted gaps is the absence of a robust decentralized identity (DID) system for enterprise adoption within the Cardano ecosystem. Kodama voiced his concern in this respect, stating: “We don’t see that much DID application being built on Cardano. So, that’s the first gap, or primary gap that we need to fill in.”“Aiken and other programming language applicability are quite important to broaden the number of builders able to build on top of Cardano. We have been educating builders to code in Haskell and Plutus. We had more than 2,000 graduates. However, that’s not really enough,” Kodama added.Emurgo has high hopes for Aiken and similar programming languages that can be integrated into Cardano, with the aim of diversifying the pool of developers capable of creating smart contracts on the platform, using a variety of programming languages.