LS SECURITIES announced on 31st that it has signed a memorandum of understanding (MOU) with HighCave for a token securities business based on renewable energy. HighCave is a company developing a token securities issuance and distribution platform based on real assets, such as environmental, social, and governance (ESG) bonds, real estate, and equity.
Based on this agreement, the two companies plan to jointly apply for the designation of an innovative financial service (financial regulatory sandbox) for token securities based on renewable energy business.
Oh Eung-jin, head of the retail business division at LS SECURITIES, noted, "This agreement is an important first step in leading the transition to eco-friendly energy," adding, "Through token securities, we will overcome the limitations of the existing financial system and introduce various renewable energy business models."
LS SECURITIES has established a dedicated workforce for token securities issuance (STO) last year and is promoting the business in accordance with legislation and current regulatory guidelines. Recently, it has been participating in the token securities council "Project Pulse."