Treasurer successfully secured funds for their business.
Treasurer is a luxury collectible investment platform that allows fractional investments in high-value collectibles such as luxury watches, fine wines, rare whiskies, and more, starting from as little as 1,000 KRW.
Since the launch of its fractional investment service in 2021, Treasurer has amassed over 600,000 users. With a total of 184 blue-chip products available for fractional investment, it has experienced rapid growth. Eighty-four of these products have been successfully sold, with an average return rate of 8.9%, and the highest recorded return rate reaching 43.3% as of October 2023.
Dunamis Asset Management Joins the Investment
In the recent Series A fundraising round, Dunamis Asset Management participated as an investor.
Dunamis Asset Management, established in 2021, has emerged as a prominent player in the asset management industry, achieving approximately 5.2 billion KRW in operating profit only in their first year.
Treasurer plans to utilize this investment to diversify its fractional collectible offerings, enhance its price crawling engine, develop advanced social investment platform features, and recruit top talent in the industry.
Kim Dae-wook, CEO of Dunamis Asset Management, stated, "Having strengthened alternative investment capabilities through art investments, Dunamis can further enhance its alternative investment portfolio by investing in Treasurer." He added, "Treasurer boasts a highly skilled team capable of developing blockchain-based Security Token Offerings (STOs) in collaboration with Pohang University of Science and Technology. They are rapidly providing services with a wide range of collectibles and attractive returns. With a crawling engine-based data, platform expansion into various products is feasible."
Kim Kyung-tae, CEO of Treasurer, with the mind of gratitude, expressed his determination of constructing services that align with investor protection and regulations while building a robust STO ecosystem especially as being in a climate where investor sentiment is cautious. He also emphasized Treasurer's ambition to expand not only within the domestic market but also into the international alternative investment market, given the high demand for collectibles abroad.
Treasurer is currently actively contributing to the promotion of the STO ecosystem by participating in various organizations such as the "STO Vision Group" led by NH Investment & Securities, the "Token Securities Ecosystem Activation Consortium" organized by NH Nonghyup Bank, and the "Token Securities Council" hosted by the Korea Securities Depository.
With its expertise in price crawling engine technology, Treasurer also received initial investments from DTN Investment and Coinone and launched the collectible fractional investment platform, Treasurer, in 2021.
Kim Hyun-ah
Original Source: https://notice.treasurer.co.kr/15d2ab29-9639-43ef-980e-b8e21267fe7f
