Korean Equities Go Blockchain: Kakao Pay Securities Partners with Ondo Finance and Dinari Global

Kakao Pay Securities has partnered with Ondo Finance and Dinari Global to explore tokenisation and international distribution of South Korean-listed stocks. This move could provide global investors with direct blockchain access to Korean equities, beyond traditional depositary receipt routes.

Currently, international access to Korean equities is limited, with only a subset of companies having depositary receipts listed on overseas exchanges. Tokenisation offers an alternative, tied directly to the underlying share rather than a derivative instrument.

Dinari's dShares model preserves core shareholder rights and dividends, and will be tested on Korean-listed equities through a proof-of-concept with Kakao Pay Securities and Dinari. The joint task force will examine token issuance, redemption, and reconciliation between tokenised and underlying securities.