Shinhan Securities and Musicow, 400pursue the formation of a music IP fund worth hundreds of millions of won and the issuance of fractional investment products

Shinhan Securities and Musicow 2026 year 7 month 8 day signed a memorandum of understanding (MOU) for the acquisition of music intellectual property (IP) and the issuance of fractional investment products. The agreement was pursued to prepare for expanding supply in the issuance market and revitalizing distribution ahead of the institutionalization of the security token offering (STO) system and the launch of an over-the-counter exchange for fractional investments.

Shinhan Securities will form, as the general partner (GP) managing the project fund, a music IP fund worth approximately 400 hundred million won. 1Musicow will select the assets for acquisition based on its proprietary music valuation and ability to source high-quality IP.

The acquired music IP is scheduled to be issued as fractional investment products through Musicow Invest. The two companies said they will complete the purchase of music IP during the second half of the year and proceed with distribution preparations with the goal of opening an over-the-counter exchange for fractional investments in the 2026 year 4 quarter.

Some reports said that the issuance of fractional investment products was linked to the process of institutionalizing security tokens. On the same day, news also emerged that Shinhan Investment & Securities had raised its target prices for Hyundai Department Store and Shinsegae in a department store-related report.