Tessa and Stockkeeper Partner on IXO-NET Blockchain Network for Tokenized Securities

Tessa and Stockkeeper have signed a framework agreement to build IXO-NET, a blockchain-based distributed ledger network for tokenized securities. The two companies plan to use this infrastructure to issue tokenized securities backed by real-world assets, including livestock.

The agreement comes after Tessa's tokenized securities management solution, IXTO, and its blockchain-based distributed ledger network, IXO-NET, were validated in the Korea Securities Depository's testbed in 2024. Stockkeeper will join IXO-NET to pursue the issuance of tokenized securities tied to livestock assets through its Korean beef cattle fractional investment platform, Bankcow.

Tessa has completed development of a pilot service system ahead of the planned implementation of tokenized securities legislation in February 2027. The companies plan to maintain an open structure that allows other issuers with different underlying assets to participate in IXO-NET through standardized network operations and issuance procedures.