Kakaopay Securities Explores Tokenization of South Korean Stocks for Global Distribution

South Korean brokerage Kakaopay Securities has partnered with Dinari and Ondo Finance to explore the tokenization and international distribution of South Korean listed stocks. With Dinari, the firm plans to conduct a proof-of-concept (PoC) using the 'dShares' model, which backs tokens 1:1 with physical securities. The partnership with Ondo Finance focuses on establishing procurement and custody systems for the underlying assets, utilizing omnibus accounts for foreign investors. Both collaborations aim to research token issuance, redemption, and regulatory compliance, with working groups expected to be established by 2026.