A South Korean crypto and blockchain startup is aiming for the KOSDAQ, the country’s stock exchange, and could become the nation’s first publicly listed company.
The company, named Blocko, has hired one of the nation’s top financial firms – Shinhan Financial Investment – to manage the listing process as the firm seeks to launch an initial public offering (IPO).
News1 reported that Blocko hopes to complete its listing on the KOSDAQ (Korean Securities Dealers Automated Quotations) some time in 2023.
The firm has previously been backed by the likes of the steel giant POSCO, as well as Shinhan Bank. Earlier this year, it received an investment boost of USD 3.6 million from Daehong Communications, a marketing affiliate of retail conglomerate Lotte Group. Some estimate the company’s corporate worth may be as high as $64.5 million.
Blocko is set to work on a number of non-fungible token (NFT) and security token offering (STO)-related products with a number of Lotte Group affiliates, the...
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