DB Securities signs MOU with Solana Foundation on tokenized securities…moves to build a digital capital market

DB Securities said on the 6th that it has signed a strategic memorandum of understanding (MOU) with the Solana Foundation, a global public blockchain platform, to build a tokenized securities (STO)-based digital capital market.

Under the agreement, the two sides will roll out joint initiatives in phases targeting the domestic and overseas STO markets. Specifically, the partnership includes jointly identifying STO underlying assets at home and abroad and structuring them financially; reviewing domestic STO issuance and post-issuance management frameworks compliant with the Republic of Korea’s Capital Markets Act and relevant guidelines; and reviewing structures for issuing, offering and distributing STOs overseas using the Solana public blockchain network. In parallel, they plan to conduct technical reviews on the feasibility of linking regulated securities systems with blockchain-based token management systems, and to exchange information on regulatory and policy trends related to STOs and digital assets in Korea and abroad.

DB Securities is currently working to identify STO underlying assets centered on various types of real and income-generating assets. In collaboration with its in-house investment banking (IB) organization, it is building a productization framework that links asset structuring, fundraising and investor solicitation, with the goal of launching STO products that can be traded in the market.

The two sides plan to attend the global blockchain event “Solana Accelerate APAC,” to be held in Hong Kong on the 11th, where they will introduce their STO collaboration direction and business structure to the global market. The event is expected to draw large numbers of global blockchain companies, financial institutions, developers and investors.

DB Securities said it plans to expand its STO business in phases, led by its Digital Asset New Business Promotion Team, in line with the timetable for legal and regulatory refinements and changes in market conditions.

Lee Ju-sik, head of DB Securities’ Digital Asset New Business Promotion Team, said, “Tokenized securities are a key area that leverages digital technology within the existing capital-market system to upgrade the way securities are issued and distributed,” adding, “We are pursuing underlying-asset sourcing and financial structuring in tandem with our IB organization, and are executing a two-track strategy—developing practical products in Korea that comply with the regulated framework, while overseas we are reviewing business structures aimed at the global market through technical cooperation with Solana.”

Lee Seong-san, Solana Foundation’s Korea representative, said, “STOs are a representative use case where public blockchains combine with regulated finance,” adding, “We look forward to building a collaboration model with DB Securities that simultaneously considers a technical architecture suited to Korea’s capital-market environment and the potential for global expansion.”