Shinhan Securities and Musicow, 400a music IP fund worth KRW billion 1MOU

Shinhan Securities and Musicow 2026 signed 7 an agreement on 8 to acquire music intellectual property (IP) and issue fractional investment products. The two companies said the MOU is intended to prepare for expanding supply in the issuance market ahead of the institutionalization of security token offerings (STOs) and the opening of an over-the-counter exchange for fractional investments.

Shinhan Securities will serve as the general partner (GP) of a project fund and plans to establish 400 music IP fund 1 with approximately KRW billion. Musicow will select the assets to be acquired using its own music valuation capabilities and handle the issuance of fractional investment products.

The acquired music IP will be issued as fractional investment products through Musicow Invest. The issued products are planned to be traded on the over-the-counter exchange for fractional investments.

The two companies are participating in the NEXTRADE (NXT) consortium, which has received preliminary approval for an over-the-counter exchange for fractional investments. They said they aim to complete the acquisition of music IP during the second half of the year and 2026 year 4quarter opening of the over-the-counter exchange.

The MOU document contains plans for the two companies to jointly pursue a large-scale music IP acquisition project, as well as details on the division of roles regarding the issuance and distribution of fractional investment products. The schedule for the two companies will be specified depending on future contracts and the progress of the acquisition.