Korea Investment & Securities Seeks to Build In-House STO Platform
Summary
- Korea Investment & Securities is pushing ahead with its own security token offering (STO) platform.
- The firm aims to build an integrated issuance system for conventional securities such as bonds and money market funds (MMFs) ahead of the implementation of the token securities law next year.
- Competition over STO platforms is intensifying, with Mirae Asset Securities, KB Securities, and Shinhan Investment & Securities also pursuing their own projects.
Forecast Trend Report by Period
Korea Investment & Securities is seeking to build its own security token offering, or STO, platform.
The brokerage recently sent a request for proposals to major service providers to build the platform, according to Maeil Business Newspaper and other local media on June 4.
The company aims to develop an integrated issuance system covering conventional securities, including bonds and money market funds, or MMFs, the reports said. A Korea Investment & Securities official said the firm is preparing an STO issuance platform ahead of the implementation of South Korea's token securities law next year.
Competition among securities firms to develop STO platforms is already intensifying. Mirae Asset Securities, which completed the mainnet for its own STO platform in 2024 with partners including Hana Financial Group, is a leading example. KB Securities and Shinhan Investment & Securities are also pursuing their own STO platforms.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
