Kakao Pay Securities eyes global push with tokenized stocks
RWA Signal Insight
StocksKakao Pay Securities has entered into strategic partnerships with U.S.-based firms Dinari and Ondo Finance to explore the tokenization of South Korean equities for international investors. By leveraging Dinari’s dShares model and Ondo Finance’s institutional-grade infrastructure, the brokerage aims to bridge Korean stock market assets with global distribution networks. The collaboration focuses on developing systems for token issuance, redemption, and the management of shareholder rights, including dividends and voting. These initiatives seek to overcome traditional barriers such as time-zone constraints and settlement inefficiencies by utilizing blockchain technology. While the partnerships represent a significant step toward modernizing Korean equity access, commercial deployment remains contingent upon rigorous technical assessments and compliance with both domestic and international regulatory frameworks. Joint task forces are scheduled to convene later this year to finalize operating plans for these tokenized offerings. This move highlights a growing institutional interest in utilizing RWA tokenization to enhance liquidity and accessibility for cross-border retail investment.
Key points
- Kakao Pay Securities signed MOUs with Dinari and Ondo Finance for Korean equity tokenization.
- Dinari will test its dShares model, which provides one-to-one backing for underlying shares.
- Ondo Finance will utilize its equity platform, which previously surpassed $1 billion in TVL.
- Partnerships aim to improve settlement efficiency and trading flexibility for overseas retail investors.
Background
Dinari is a platform that provides tokenized access to U.S. stocks and ETFs, allowing users to hold blockchain-based assets backed by real-world securities. Ondo Finance is a prominent RWA protocol that initially gained traction with tokenized U.S. Treasury products before expanding its infrastructure to support tokenized equities and other financial instruments.