CarrieVerse token CVTX listed on Bitget

Koscom, the technology subsidiary of the nation’s sole securities exchange operator Korea Exchange, has partnered with LG CNS, an information technology service provider, to launch a joint security token platform, according to a Koscom announcement. Task and tech allianceThe collaboration between Koscom and Korean conglomerate LG Group’s affiliate aims to gain a competitive advantage in the increasingly crowded security token market. On Monday, Koscom signed a memorandum of understanding with LG CNS in Seoul to form a task and technology alliance for security token projects.The partnership will combine Koscom’s expertise in building tech-based capital market infrastructure with LG CNS’s blockchain technology to produce fruitful outcomes. The joint project intends to provide distributed ledgers and a joint platform for the issuance and distribution of security tokens. Securities firms operating their own platforms can also choose to use its distributed ledgers. Koscom’s preparationSince last year, Koscom has been conducting research in security token offering and has formed a working group with eight securities firms that have their own security token teams. The working group has been hosting seminars regularly since the second half of last year, and on April 4, Koscom revealed its project plan to 25 other Korean securities firms. LG CNS’s readinessLG CNS has been conducting research and development of security token technologies since last year and has complied with the Korean regulatory framework. The company manages a consortium blockchain network and has completed the development of key technologies for security token services, such as highly secure wallets.Using its corporate blockchain platform Monachain, LG CNS has achieved success in developing multiple projects, such as a pilot for central bank digital currencies involving NH Bank and Woori Bank and a non-fungible token (NFT) trading system for Bithumb Meta, a subsidiary of the major Korean crypto exchange Bithumb.Meanwhile, Koscom will support security token projects of not only securities companies but also fractional investment firms and banks. Currently, Koscom is in talks with relevant entities about building infrastructure.

CrossAngle undergoes rebranding, shifting focus to ERP solutionAccording to industry sources on Wednesday (KST), CrossAngle, the operator of digital asset data research platform Xangle, is in the process of rebranding. The company recently changed its name to Xangle, and the research platform’s name will be changed to Xangle Portal. Its Web3 enterprise resource planning solution formerly known as Xangle Beacon will also be renamed Xangle ERP.Photo by Glenn Carstens-Peters on UnsplashService transitionPreviously, Xangle’s main services involved evaluation and disclosure for crypto-related projects. However, in the first half of this year, these services were suspended due to uncertainty surrounding crypto regulations, and the company started shifting its focus to data research. It had also announced plans to launch a business-to-business (B2B) solution for companies that are looking for crypto asset accounting services.Now, Xangle is gearing up to establish Xangle ERP — scheduled for release at the beginning of next year — as its main service. This solution is targeted toward Web3 enterprises and uses on-chain data to provide accounting services, manage tokenomics systems and evaluate the performance of blockchain projects. The firm announced on Monday that it would host a closed beta test for companies that signed up for pre-registration.Strategic allianceXangle also recently formed a partnership with Samjong KPMG, the South Korean branch of accounting giant KPMG, to jointly research how on-chain data can be used for accounting in the crypto sector. This is a crucial opportunity in the development process for Xangle ERP, as Xangle will be able to ascertain the various real-world problems that Web3 businesses face.“Xangle has been focusing on building infrastructure that can process on-chain data and conducting research to understand it. Through our partnership with Samjong KPMG, we will be able to expand our knowledge and expertise on accounting and taxes,” said Lee Hyun-woo, Co-CEO of Xangle.

Architecture Metaverse Platform STELSI Attracts Strategic Investment from Nexus OneSTELSI, a blockchain-based metaverse construction project, has announced that it has secured a strategic investment from global crypto asset venture capital firm Nexus One.Bridging architecture and the metaverseSTELSI is a Build-to-Earn (B2E) decentralized metaverse island that provides a realistic and intuitive extended reality (XR) experience where users can design, construct, and manage their own buildings. Built with the 3D creation tool Unreal Engine, it aims to support the seamless application of blockchain technology across various fields of the construction industry, including architectural planning and design, construction, and real estate. The platform also has its own token, STELSI, which users can earn by staking building NFTs.Photo by C Dustin on Unsplash“At STELSI, we are building a metaverse platform that converts the works of architects and artists into digital assets, providing new economic value and creative opportunities that have not been experienced before,” said the platform’s CEO Ryan Shim. “I believe that our efforts to make the traditionally conservative construction industry more flexible appealed to Nexus One as an attractive investment point.”Nexus One professionally invests in blockchain and crypto projects such as Klaytn, PlayDapp, and ProBit. Through its latest investment in STELSI, Nexus One aims to contribute to the development of more diverse content related to architecture, producing economic benefits and creative value within the realms of Web3, construction, and lifestyle.On the other hand, STELSI plans to use this opportunity to expand its services to produce various copyrighted content and foster its ecosystem.Promoting the world of digital artSTELSI had previously hosted the first STELSI Media Art Biennale on its metaverse platform back in June, where the company highlighted the potential of metaverse media art, a budding artistic field. Furthermore, it is consistently striving to promote the value of art through technology, as seen in “One Earth: Art Pia,” a digital art survival show currently streaming on the Korean OTT platform Wavve.The platform is also preparing for a token airdrop event ahead of the launch of its decentralized application (dApp) on October 16.