Nextchange, a company created to launch an over-the-counter (OTC) exchange dedicated to fractional investing and security token offerings (STO), was officially founded by 21 institutions, including Nexttrade (NXT). Jung Yu-shin, a professor at the Graduate School of Business at Seogang University, was appointed as the first CEO.
Jung said that Nextchange aimed to become a trusted infrastructure for distributing fractional investment products, while also obtaining a preliminary authorization to carry out brokerage activities involving securities in the form of investment contracts. The exchange plans to address the liquidity and price-discovery issues that have historically affected this market by creating a credible OTC trading platform. It will initially focus on fractionalized products such as intellectual property rights in the music industry, aircraft engines, and mortgage-backed bonds.
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Jung said that Nextchange aimed to become a trusted infrastructure for distributing fractional investment products, while also obtaining a preliminary authorization to carry out brokerage activities involving securities in the form of investment contracts. The exchange plans to address the liquidity and price-discovery issues that have historically affected this market by creating a credible OTC trading platform. It will initially focus on fractionalized products such as intellectual property rights in the music industry, aircraft engines, and mortgage-backed bonds.
$NXPC
$MOVR
$PHA