Samsung SDS said on the 6th that it won the Korea Securities Depository (KSD) project to build and operate a "security token offerings (STOs) platform."
Security token offerings (STOs) are securities issued and managed using distributed ledger technologies such as Blockchain. Like stocks or bonds, they digitally record rights such as ownership and dividends and can be transacted safely, which streamlines transaction procedures and allows assets to be split into small units for investment.
In the financial sector, demand for "tokenization," which converts assets into digital form, has been growing recently, accelerating moves to preempt the security token offerings (STOs) market. The Korea Securities Depository (KSD) also plans to link the existing electronic securities account system with Blockchain-based distributed ledger data to strengthen issuance and rights management functions for security token offerings (STOs) and respond to market expansion.
In this project, Samsung SDS will implement a total volume management system that manages in real time the issuance and circulation scale of security token offerings (STOs). It will enable market participants to conduct transactions with confidence.
In addition, it plans to build the overall IT infrastructure required to operate securities tokens, including building a gateway system, establishing a Blockchain node operation and management framework, and configuring a distributed ledger system.
Samsung SDS aims to complete the build by Feb. 2027 and plans to convert the testbed, which focused on technology verification, into a formal system for actual transaction processing and stable service operations.
Lee Jeong-heon, head of strategy and marketing at Samsung SDS, said, "Based on our accumulated experience in the security token business and our Blockchain and IT infrastructure technologies, we will carry out this project reliably," adding, "With this project, we will support the activation of the securities token market and make it a representative success case in the digital asset field."