Koscom, Hyundai Motor Securities Partner on Tokenized Securities Platform
Koscom has entered into a memorandum of understanding with Hyundai Motor Securities to integrate the brokerage into its shared tokenized securities platform, known as KoSTO. This partnership marks a significant expansion for the infrastructure provider, bringing the total number of participating brokerages to 13. The collaboration focuses on system integration, product identification, and joint testing to ensure compliance with legal, regulatory, and investor protection standards. By facilitating a shared platform, Koscom aims to lower the barrier to entry for financial firms looking to participate in the security token market. The initiative also includes a commitment to market information sharing to foster industry development. This move is critical for the South Korean RWA market as it emphasizes the necessity of reliable, standardized infrastructure to achieve full-scale adoption. By streamlining operations through a centralized platform, Koscom is positioning itself as a foundational pillar for the institutionalization of tokenized assets in the region.
- Hyundai Motor Securities joins Koscom's KoSTO platform, increasing total participating brokerages to 13.
- Partnership focuses on system integration, regulatory compliance testing, and shared market information.
- Koscom successfully completed a testbed demonstration of volume management with Korea Securities Depository.
- KoSTO platform aims to reduce costs for financial firms entering the tokenized securities market.
Koscom is a South Korean financial IT solutions provider, originally established by the Korea Exchange to manage the IT infrastructure of the nation's capital markets. The KoSTO platform is designed as a shared infrastructure for security token offerings, allowing multiple brokerages to issue and manage tokenized assets without building proprietary systems from scratch.