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Kakao Pay Securities of South Korea is exploring offering tokenized Korean stocks to overseas investors in partnership with Dinari and Ondo Finance from the United States.
Kakao Pay Securities signed a memorandum of understanding (MOU) with Dinari of the U.S. on Tuesday and Ondo Finance of the U.S. on Monday, aiming to explore offering tokenized Korean stocks to overseas investors. This move is expected to open new channels for the Korean stock market. The cooperation includes the procurement of Korean-listed stocks, distribution to overseas markets, and the development of a blockchain-based system for issuing and managing stock tokens.
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