IBK Securities and CreataChain will cooperate to identify a range of Blockchain-based financial services, including digital asset services.
IBK Securities said on the 23rd that it signed a memorandum of understanding (MOU) with CreataChain at its headquarters in Yeouido, Seoul, on the 22nd.
The signing ceremony was attended by Chief Executive Officer Seo Jeong-hak of IBK Securities, Vice President Choi Gwang-jin of IBK Securities, Chief Executive Officer Kim Jin-young of CreataChain, Chief Operating Officer Jeong Jong-hoon of CreataChain, and other key executives from both companies.
CreataChain is a Blockchain specialist that researches and develops the technical architecture needed for environments that use digital assets—such as asset tokenization and stablecoins—through interoperability-based infrastructure that connects multiple Blockchains.
The agreement was prepared to respond to related technologies and environmental changes for advancing digital financial services. Based on mutual cooperation, the two companies will conduct technology verification and joint research to deepen their understanding of market conditions and will identify various projects together.
Under the agreement, the parties plan to continue consultations on ▲ joint review of business models and market participation methods ▲ review of technology infrastructure such as platforms ▲ review of technology verification and operational direction ▲ joint response to related regulations and market changes ▲ potential areas for future cooperation.
An IBK Securities official said, "Based on this agreement, we plan to analyze the rapidly changing domestic and overseas digital financial market environment and comprehensively review technical feasibility to respond to market changes," adding, "Through this agreement, we have laid the groundwork to improve understanding of related technologies and regulatory environments and to expand future cooperation touchpoints."