Galaxia Moneytree announced on the 3rd that it signed a Memorandum of Understanding (MOU) on the 2nd with EnergyX and MarinaChain to advance security token (STO) businesses powered by renewable energy technologies.

Under this agreement, Galaxia Moneytree will handle the issuance of security tokens. EnergyX will oversee product design, launch, renewable energy project discovery, technology commercialization, and overall engineering. MarinaChain will be responsible for product-related consulting and business development outreach.

"Through this partnership, our company will pursue businesses covering both trust-type beneficial certificates and investment contract securities based on renewable energy," said Shin Dong-hoon, CEO of Galaxia Moneytree. "We aim to secure various renewable energy sources that are typically difficult for individual investors to access, creating a market where people can invest more easily and necessary project capital can be raised quickly and conveniently."

EnergyX, a partner in this MOU, is a leading domestic building platform and energy efficiency technology firm that provides IT platforms for sustainable architecture along with eco-friendly energy solutions. Park Seong-hyun, CEO of EnergyX, stated, "Together with our partner companies, we will present innovative financial alternatives beyond traditional finance to resolve complex financial challenges more easily, transparently, and swiftly."

MarinaChain, which is also participating in carbon credit STO development alongside Galaxia Moneytree, is a leader in greenhouse gas Scope 3 carbon emission data solutions across the logistics, port, and maritime transport sectors in Singapore and Korea.

Ha Seong-yeop, CEO of MarinaChain, remarked, "Beyond calculating Scope 3 carbon emissions, this MOU enables us to expand into carbon reduction solutions encompassing solar power and zero-energy building technologies. Through this multi-technology partnership, the sustainability market has broadened significantly."

Source : https://idsn.co.kr/news/view/1065600824004823