Nextrade pursuing K-pop copyright-backed security token trading

Kim Hak-soo, CEO of South Korean alternative trading system (ATS) Nextrade, said in an interview with Bloomberg that the company is pursuing the trading of security tokens linked to K-pop music copyrights. Kim stated that Nextrade is considering how to secure a competitive edge by offering products unavailable on the Korea Exchange, such as new types of security tokens based on intellectual property like K-culture. Nextrade has formed a consortium with Musicow and has applied for preliminary approval to operate a fractional investment platform for K-pop copyrights.