Korea Stocks Go Global with New Tokenization Partnership

Korea's stock market is poised for a significant transformation as Kakao Pay Securities, a South Korean digital brokerage firm owned by the leading fintech platform Kakao Pay, has partnered with two major tokenized finance companies to develop a framework that allows Korean stocks to list in a global market.

The partnership between Kakao Pay Securities and Ondo Finance, a leading decentralized finance platform, and Dinari, a financial technology and infrastructure company that turns traditional public stocks and exchange-traded funds (ETFs) into blockchain-based tokens known as 'dShares', aims to investigate and research the sourcing of underlying assets as well as how tokens could be issued and redeemed.

This development comes after Kakao Pay revealed its intentions to expand entry points for foreign investors to access Korean equities, with a goal of expanding into stock tokenization.