NexChange Launches Preparatory Fractional Investment Exchange

On September 29, NexChange, a corporation preparing for an over-the-counter fractional investment exchange, held its inaugural general meeting to discuss foundation matters, approve articles of incorporation, and appoint directors. The meeting was attended by 21 contributing institutions, including Nextrade (NXT), with Jeong Yoo-shin being appointed as the first representative director.

Lee Moon-young and Lee Bong-heon were appointed as outside directors, while Kim Hak-soo and Han Il-hyun were appointed as non-executive directors. Jeong Yoo-shin stated that NexChange aims to establish itself as a highly reliable distribution infrastructure in the fractional investment market by acquiring the final authorization for beneficiary certificate investment brokerage business and improving low liquidity and price discovery limitations.

To achieve this, NexChange plans to offer differentiated trading services, such as 12-hour trading, low commission fees, and diverse quotation methods, while strengthening an investor protection system. The company intends to operate the market centered on fractional investment products like music intellectual property, aircraft engines, and real estate loan receivables in the early stages of market opening, with plans to expand to include artworks, webtoons, performances, and trade receivables.

With the issuance and distribution of STOs permitted from February of the following year, NexChange and the NXT Consortium are accelerating preparations for market opening, including applying for final authorization.