Koscom, DAOL Investment & Securities Sign Tokenized Securities Platform Deal, Expanding Partners to 10

Koscom said May 12 that it signed a memorandum of understanding with DAOL Investment & Securities to jointly advance a tokenized securities platform business.

With the agreement, the number of securities firms participating in Koscom’s joint STO platform has risen to 10. DAOL joins Kiwoom Securities, Daishin Securities, IBK Investment & Securities, Yuanta Securities Korea, BNK Investment & Securities, DB Financial Investment, iM Securities, Meritz Securities and Kyobo Securities.

Koscom’s joint STO platform is emerging as an alternative for brokerages seeking to reduce the initial cost of building systems ahead of the introduction of the tokenized securities framework. As more firms sign on, efforts to respond to the market through the shared platform are picking up.

Koscom has been building out infrastructure to strengthen its STO business capabilities. The work includes establishing a tokenized securities issuance platform with LG CNS, participating in a Korea Securities Depository testbed for total volume management, carrying out a proof of concept for stablecoin-based atomic settlement technology, and joining the Korea Exchange’s KDX Consortium for a fractional investment trading platform.

DAOL Investment & Securities said the partnership will help it build a stable tokenized securities system and bolster its competitiveness in digital assets.

Chief Executive Officer Hwang Joon-ho said DAOL will work with Koscom to build a robust STO infrastructure and offer clients a highly reliable digital-asset investment experience.

Koscom President Yoon Chang-hyun said the company will actively support the full tokenized securities process — from issuance and distribution to settlement — so participating firms can ease the burden of infrastructure buildout and focus on developing business models and strengthening service competitiveness.

Han Kyung-woo, Hankyung.com reporter case@hankyung.com