The Korea Exchange subsidiary Koscom announced on the 28th that it signed a memorandum of understanding (MOU) with iM Securities on the 27th to promote a joint platform project for tokenized securities. This agreement is the seventh tokenized securities-related agreement that Koscom has signed with securities firms, demonstrating its proactive approach to platform expansion.
Previously, Koscom laid the foundation for a joint platform for tokenized securities with Kiwoom Securities, Daishin Securities, IBK Securities, Yuanta Securities Korea, BNK Securities, and DB Securities, and now iM Securities has newly joined.
Koscom's joint platform project for tokenized securities aims to establish an infrastructure that multiple securities firms can use together to reduce expenses and enhance stability through a standardized system.
Koscom explained that it has completed the issuance infrastructure in collaboration with LG CNS, which has strengths in digital transformation (DX) experience and technology. The company is currently conducting a proof of concept (PoC) for tokenized securities settlements using stablecoins, having completed testing for custodial and aggregate management.
With this agreement, Koscom aims to further enhance platform efficiency and lay the groundwork for infrastructure cost reduction and diverse product supply through economies of scale by expanding participating securities firms. iM Securities plans to discover various investment products that digitalize physical assets and expand customer-centered tokenized securities services that maximize accessibility and convenience in a mobile environment.
Kim Do-yeon, executive director of Koscom, said, "With the joining of iM Securities, the competitiveness of the joint platform is expected to be significantly enhanced," adding, "Based on our experience accumulated in the capital markets, Koscom will provide a stable and reliable infrastructure in the era of tokenized securities."
Ryu Si-woong, an executive director at iM Securities, stated, "We will introduce innovative tokenized securities products and provide a new investment experience centered on customers," and added, "Especially, we will leap forward as a securities firm that leads the future capital markets along with the digital generation, including the MZ generation."