Kakaopay Collaborates to Bring Korean Stocks Onchain
- Kakaopay Securities has partnered with Dinari and Ondo Finance to explore tokenizing Korean-listed stocks.
- The initiative aims to distribute these tokenized assets to international investors, pending regulatory approval.
- Tokenization will utilize actual Korean shares as underlying assets rather than mere price-tracking tokens.
- The new regulatory framework for tokenized securities in South Korea is set to take effect in February 2027.
- As of September, the market for tokenized stocks reached approximately $3.2 billion, primarily focused on US equities.
This collaboration highlights a significant move towards integrating tokenization within South Korea’s capital markets, aligning with growing institutional interest in connecting local markets with global investors.
The partnerships could pave the way for a broader distribution of Korean equities internationally, contingent on legal frameworks and market readiness, as evidenced by the projected $3.2 billion value in tokenized stocks.(Source)
