Korea Investment & Securities Co. is reviewing the acquisition of equity in the virtual asset exchange Coinone.
On the 2nd, according to the financial investment industry, Korea Investment & Securities Co. is internally reviewing plans to expand its digital asset business, including acquiring equity in Coinone. It is seen as a move to broaden its portfolio into the virtual asset realm, moving away from a business structure centered on the traditional securities industry.
In particular, as Mirae Asset Group recently moved to acquire Korbit, competition to preempt the virtual asset market among major securities firms is accelerating.
Korea Investment & Securities Co. said it is still in the early stages. A Korea Investment & Securities Co. official said, "It is true we are internally reviewing related matters," and added, "We are looking into various business possibilities, including security token offerings (STOs), and nothing has been finalized at this time."