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Basis Desk
RWA & Tokenization · 1 min read

IP Strategy Highlights $15 Million K-Culture RWA Fund on Story Protocol

WAVIST plans a $15 million tokenized fund following a $3.22 million initial sale with SBI Digital Markets and Kyobo Life.

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$BTC $83,040 −0.4%

Key points

  • WAVIST is structuring a $15 million RWA fund targeting Korean entertainment IP on the Story blockchain.
  • A prior $3.22 million asset issuance was completed in partnership with SBI Digital Markets and Kyobo Life Insurance.
  • Story launched mainnet in February 2025 with $136 million in backing, supporting onchain rights management.

Nasdaq-listed IP Strategy Holdings announced the expansion of tokenized Korean entertainment intellectual property on the Story blockchain through platforms WITCH and WAVIST 1. Following an initial asset sale of $3.22 million, WAVIST is currently assembling a $15 million real-world asset (RWA) investment fund focused on entertainment rights 1.

WAVIST operates as a regulated RWA platform designed to convert illiquid media IP—such as live concerts, film, television, and visual storytelling—into compliant onchain instruments 1. Its preliminary $3.22 million distribution was conducted alongside institutional partners, including Singapore's SBI Digital Markets and South Korea's Kyobo Life Insurance 1. The upcoming $15 million vehicle aims to expand beyond music performances to tokenize additional K-pop idol intellectual property and broader production rights 1.

Broadening Cultural IP Onchain

IP Strategy highlighted the size of the K-culture economy, which generates over $115 billion in annual revenue and counts an estimated 225 million global fans, noting that external capital has historically encountered friction accessing direct IP revenues 1. Story protocol, which raised $136 million from investors including a16z crypto, Polychain Capital, and Samsung Ventures, launched its mainnet in February 2025 to enable programmable licensing and tracking of media onchain 1.

IP Strategy operates as a validator on Story and maintains $IP tokens as a core corporate treasury reserve asset 1. The initiative arrives amid broader digital asset stability, with the global crypto market cap standing at $2.82 trillion and $BTC trading near $82,888 at the time of writing.

Sources

  1. [1] IP Strategy Highlights Tokenized K-Culture IP Distribution via WAVIST on Story — globenewswire.com, September 29, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: hello@basisdesk.news.

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