ITCEN Global, a South Korean IT service provider, has raised 40 billion KRW (approximately $3 million) through convertible bonds issued to ITC Holdings, a subsidiary of KCGI Innovation Growth ESG Fund. The capital will support ITCEN Global's expansion into Web3 and security token offerings (STOs). The company anticipates that the implementation of South Korea's digital asset regulatory framework later this year will further accelerate these initiatives.