The Financial Services Commission (FSC) has named two consortia — the KDX consortium led by the Korea Exchange and the NXT consortium led by alternative trading platform Nextrade — as operators of new over-the-counter trading platforms for fractional investment, officials said Friday. Lucentblock, a startup operating a fractional real estate investment platform that had drawn attention after alleging procedural unfairness and misappropriation of technology, was eliminated after receiving the lowest marks, including in equity capital. Mindful of the controversy surrounding Lucentblock’s claims, the FSC disclosed detailed scoring results in an unusual move, saying it had applied startup-friendly criteria and that Lucentblock fell short in several areas, including its business proposal. Regarding the complaint Lucentblock filed with the Fair Trade Commission (FTC) over alleged technology theft by Nextrade, the FSC effectively left the matter to the antitrust watchdog, stipulating that the final licensing review would be suspended if the FTC formally launches an administrative probe. T
