Bycell Standard, the operator of South Korea's token securities platform PIECE, has completed an A-round financing of approximately $2.7 million.
Foresight News reports, according to Newsis, that Bycell Standard, the operator of the Korean token securities (STO) platform PIECE, has completed a 4 billion KRW (approximately 2.7 million USD) Series A financing round. Investors include Xperix Group, S&S, among others, with Xperix Group becoming its main strategic shareholder. The new funds will be used for acquiring underlying assets for new products, talent recruitment, and applying for investment intermediary licenses.
Bycell Standard is one of seven multi-asset issuers in Korea approved for business restructuring by the Financial Services Commission’s Securities and Futures Commission, and is also a member of the KDX Alliance with preliminary licensing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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