Under the agreement, the three parties will jointly pursue a security token business based on Korean assets. KB Securities will handle product supply, drawing on its capabilities in underwriting, issuing and distributing financial products as well as its institutional client base. The firm plans to first offer institutional clients a tokenized money market fund (MMF) and tokenized funds based on KB Asset Management's flagship investment strategies. It intends to gradually expand the range of tokenized assets to stocks, American depositary receipts (ADRs), corporate bonds and treasury bonds in line with the development of Korea's security token regulations.
Securitize will provide tokenization infrastructure, while the Optimism Foundation will supply the blockchain-based network. Based on this, the three parties plan to build a collaborative framework covering everything from issuance to distribution of tokenized products for institutional investors.
"It is meaningful that we are laying the foundation for a security token business for Korean institutional investors by combining each company's specialized capabilities," said Park Jae-man, executive director at KB Securities. "We will continue to closely monitor regulatory and market changes, expand cooperation with global partners and strengthen our capabilities to provide new financial products and services."
