K Wave Media plans to launch entertainment tokenization platform

K Wave Media (KWM) announced plans to develop one of the industry’s first entertainment tokenization platforms. The platform will offer innovative tools such as revenue-sharing tokens that enable fractional ownership in films, concerts, branded content, and IP rights, along with smart contract-based automated royalty distribution to ensure transparent payouts to creators, investors, and rights holders. Even ahead of its official launch, more than 37 leading Korean content producers and IP holders have signed MOUs to participate in and utilize the platform. As part of this initiative, Galaxy Digital (GLXY) – already serving as KWM’s Asset Manager and Strategic Advisor – made an approximately $1 million equity investment in KWM and received warrants for additional shares. KWM seeks to transform how entertainment projects raise capital and how fans engage with their favorite stars and creative works. The platform will also accept Bitcoin as a means of payment and investment, positioning it at the forefront of digital finance in the entertainment sector.