Injective, Musicow US Partner on K-Content Copyright Tokenization

Injective said May 12 that it formed a partnership with Musicow US for a real-world asset, or RWA, tokenization business tied to K-content copyrights.

The partnership is aimed at converting K-content copyrights into on-chain financial products and expanding access for global investors.

The companies will divide responsibilities across the project. Musicow US, a platform for music revenue-backed securities, will source and structure K-pop and other content copyright assets. Injective will provide the blockchain infrastructure covering the full process, including RWA token issuance, on-chain distribution, secondary-market trading and royalty settlement.

Injective, the project's core infrastructure provider, is a layer-1 blockchain focused on institutional finance. Its protocol supports compliance requirements such as know-your-customer, or KYC, and anti-money laundering, or AML, at the protocol level. The network has recorded about $6.5 billion in cumulative RWA trading volume, more than $77 billion in total on-chain trading volume and more than 2 billion cumulative transactions. Assets traded on the network include equities, foreign exchange, commodities and pre-IPO assets.

Eric Chen, co-founder of Injective, said the company and Musicow US had created a structure the music industry had long been waiting for, giving fans and investors a real stake in songs they love. On Injective, compliant music copyrights can now be held and transferred on-chain and used in decentralized finance, or DeFi, for the first time, he added.

Marcus Sanchez, chief executive officer of Musicow US, said fans are more than just listeners. For the first time, the partnership has created a structure on Injective that allows fans and investors to share the same economic journey as artists, he said.

Chung Hyun-kyung, chair of Musicow, said the company plans to connect K-content copyrights to the Web3 ecosystem by adopting RWA and tokenization technology based on its experience in security token offerings, or STOs. Having already validated a payment and distribution structure based on a won-denominated stablecoin, the company aims to open a new era in which fans worldwide can directly own and trade music assets, Chung said.