X-PLANET to Sell NFTs for 35th Anniversary of Choushinsei Flashman’s Korean Release

South Korea’s blockchain venture Creder and IT solution company ITCEN Group (ITCEN) announced today their partnership with Green-X, a Malaysia-based exchange, local media outlet Decenter reported. Through the partnership, the three companies plan to launch a security token offering (STO) business, introducing tokenized real-world assets (RWAs) to investors. Creder is a joint venture founded in 2022 by ITCEN and blockchain service developer BPMG.  The planned business aims to tokenize various RWAs – including jewelry, real estate, rare earth, antique goods – and issue them in the form of NFTs, which will then be fractionalized and traded on Goldstation, the gold-pegged coin (GPC)-centered DeFi platform developed by Creder. Photo by Jingming Pan on UnsplashThe initial project of the RWA business would be to offer trading services for Dignity gold tokens (DIGNITY) on Goldstation, a digital token issued by Dignity Gold LLC. The company owns a gold mine valued at over $6 billion in Nevada, U.S., according to data from Green-X. As of March 26, gold reserves yet to be excavated from the mine reportedly stand at 3.44 million ounces. Green-X, a Malaysia STO exchange accredited by Sharia certificate The Malaysia-based STO exchange Green-X is a wholly owned subsidiary of Greenpro Captial Corp., a company listed on Nasdaq. In February 2022, Green-X received an STO exchange license along with Sharia certificate, a proof of compliance that is only given to firms that follow the Islamic law, Sharia. This religious certificate is known to serve as a significant criterion for Islamic investors.  James Lim, CEO of Creder, said that the company aims to expand its business to the global market by further introducing more RWAs in cooperation with Green-X.  

OSL Group, a publicly-listed digital asset and blockchain platform company headquartered in Hong Kong, is set to acquire Indonesia’s Evergreen Crest Holdings.Photo by Kelly Sikkema on UnsplashAs the proposed acquisition of Evergreen Crest, a business that includes a virtual assets exchange platform, will involve a share transaction, OSL filed details of the acquisition with the Hong Kong Stock Exchange on June 2. OSL will take a 90% stake in Evergreen Crest in return for $15 million worth of consideration shares, which will be issued by OSL to the seller. This share issuance will account for 1.48% of the total issued shares in the company. Once the acquisition goes through, Evergreen Crest will become a subsidiary of OSL Group, with Evergreen’s financial results consolidated into the overall financial statements of OSL going forward.  ‘Strategic benefits’The filing suggests that OSL management believe that the acquisition “will bring substantial strategic benefits to the Group,” as it opens up access for the company to the Indonesian digital asset market. The company is optimistic about the outlook for the Indonesian crypto market. It stated: “Indonesia possesses key attributes conducive to growth in this sector, including a substantial and youthful demographic, robust economic growth fundamentals, and a rapidly increasing rate of cryptocurrency adoption.” Acquiring licensesOne interesting aspect of the acquisition is that Evergreen Crest has acquired the requisite licensing to operate within the Indonesian market. Those cryptocurrency and futures trading licenses are likely to be of significant value to OSL as it means that through the acquisition, OSL can now enter the Indonesian market in a fully compliant manner. Using the existing compliant platform, OSL intends to expand the range of services offered within the Indonesian market. It indicated that it would do so in respect of payment finance (PayFi) and tokenized real-world asset (RWA)-related products and services, subject to acquiring the necessary licensing. OSL is encouraged by the opportunity that exists within Indonesia as far as tokenized RWAs are concerned. It claimed that the country has already demonstrated significant tokenized RWA-related activity. PT Multikripto Exchange Indonesia (also known as Koinsayang), the exchange business owned by Evergreen Crest, was awarded a virtual asset trading license by the Indonesian regulator, the Financial Services Authority (OJK), in March. At the time, the exchange outlined that it intended to expand its service reach, while creating a better trading experience for users located within Indonesia and overseas. In September 2024, the exchange was awarded a license to offer crypto asset perpetual futures contracts by Indonesia’s Commodity Futures Trading Supervisory Agency (Bappebti).  OSL expanding its reachOSL appears to be making a concerted effort to expand beyond its Hong Kong base. In February it acquired CoinBest, a Japanese crypto exchange, rebranding the business as OSL Japan. At the time it was reported that the company was also looking at opportunities to expand in European markets. OSL was amongst the first digital asset exchange platforms to be licensed in Hong Kong, receiving Type 1 and Type 7 licenses from the Securities and Futures Commission (SFC) in December 2020.

Infinite Block Launches Ethereum Staking Service for CorporationsSouth Korean blockchain fintech company Infinite Block announced on Monday (local time) that it has opened a custody-based Ethereum staking service offering corporate clients the ability to earn passive income through their Ethereum holdings.Photo by Choong Deng Xiang on Unsplash“This launch is significant as it is the first-ever staking service exclusively for corporations in the domestic blockchain industry, lowering the technological barriers to blockchain access,” said Jeong Gu-tae, CEO of Infinite Block.Secure Ethereum stakingThe service will be offered on the company’s proprietary custody platform KARBON, and businesses can stake their Ethereum holdings and share a 4% annual yield of their investment with KARBON at an agreed ratio. They can benefit from the security and convenience of earning rewards during the staking period without ever having to entrust their custodial assets to an external wallet address, the company said.Customers utilizing KARBON will not only have access to secure storage of their assets but will also be able to save on fees through staking.“Starting with Ethereum, we will gradually expand our staking services, focusing on highly reliable virtual assets,” Jeong explained.Boosting credibilityThis comes after the company obtained ISO 27001 certification for the information security management system of its upcoming blockchain platform from Lloyd’s Register Quality Assurance (LRQA), a UK-based global assurance provider.