Kakao Pay Securities Partners with Dinari and Ondo Finance for Korean Stock Tokenization

South Korean brokerage firm Kakao Pay Securities (Kakao Pay Securities) has entered into separate agreements with Dinari and Ondo Finance (Ondo Finance) to explore the tokenization of Korean stocks for international investors. The partnership with Dinari will utilize the dShares model to conduct a proof-of-concept focusing on preserving shareholder rights, such as dividends and voting. The collaboration with Ondo Finance aims to establish a framework for the procurement and custody of Korean shares, with plans to study issuance and redemption mechanisms. Both projects remain subject to domestic and international regulatory compliance, and no specific commercial timeline has been established.