Kakaopay Teams with Dinari and Ondo to Bring Tokenized Korean Stocks Abroad
Kakaopay Securities has announced partnerships with Dinari and Ondo Finance to explore tokenized distribution of Korean-listed stocks to international investors. The initiatives aim to preserve shareholder rights, including dividends and voting.
The partnerships focus on the 'plumbing' required for sourcing, custody, and representing real underlying shares on-chain. Kakaopay will work with Dinari on a proof of concept tied to Dinari's dShares framework, which preserves shareholder rights.
Kakaopay and Ondo will examine how to structure sourcing and custody for Korean-listed equities and explore token issuance and redemption mechanics. The commercial rollout timelines are not set, as any move to tokenize Korean equities depends on legal and regulatory approvals in South Korea and abroad.