Mirae Asset Securities Joins DTCC Tokenization Working Group as Sole South Korean Brokerage

Mirae Asset Securities will join a tokenization working group led by the Depository Trust & Clearing Corporation, the largest securities depository and clearing institution in the US. It is the only participant from a South Korean financial company's US unit.

Yonhap Infomax reported on May 8 that Mirae Asset Group will join the DTCC tokenization working group through Mirae Asset Securities' US subsidiary.

DTCC operates the clearing, settlement and custody infrastructure for US capital markets. It is currently working with global financial firms on building and standardizing tokenized securities-market infrastructure.

The working group also includes JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock, Citigroup, UBS and the New York Stock Exchange, the report said.

Mirae Asset Securities was selected for its trading experience within DTCC's US clearing infrastructure and its track record in digital-asset businesses, according to the report.

Mirae Asset Securities' US unit plans to discuss the operating structure, investor-protection framework, and settlement and custody infrastructure for tokenized securities tied to real-world assets such as US Treasuries and stocks.

It also plans to present views on next-generation market structure, including liquidity management, collateral mobility and capital efficiency, drawing on its practical experience across trading, clearing and post-trade operations.