iM Securities and Koscom Sign MOU to Promote Token Securities Business

iM Securities and Koscom have signed a memorandum of understanding (MOU) to promote the token securities business.

The signing ceremony was held on the 15th floor of Koscom headquarters in Yeouido, Seoul, the previous day, with Ryu Siwoong, Head of Business Strategy at iM Securities, Kim Doyeon, Head of Business Strategy at Koscom, and other officials in attendance.

Ryu Siwoong, Head of Business Strategy at iM Securities (left), and Kim Doyeon, Head of Business Strategy at Koscom, signed a business agreement to promote the token securities project at Koscom headquarters on the 27th and took a commemorative photo. iM Securities

This business agreement between iM Securities and Koscom aims to strengthen cooperation regarding the token securities business. The two companies plan to collaborate on platform and technology development for building a token securities platform, issues related to asset holders, and the discovery of new business models.

Koscom, an institution supporting IT infrastructure for the capital market, has been establishing a leading foundation for the token securities market since 2023, aiming to enhance the stability of related businesses.

This agreement marks the seventh token securities-related partnership Koscom has formed with a securities firm. Previously, Koscom laid the groundwork for a joint token securities platform with Kiwoom Securities, Daishin Securities, IBK Investment & Securities, Yuanta Securities, BNK Investment & Securities, and DB Securities, with iM Securities now joining as the latest partner.

The Koscom joint token securities platform project aims to build token securities infrastructure that can be used by multiple securities firms, reducing costs and increasing stability through a standardized system. Koscom has completed the issuance infrastructure in collaboration with LG CNS, which has strengths in digital transformation (DX) experience and technological capabilities.

iM Securities has signed business agreements with ChargeIn, Social Investing Lab, and TogetherArt to diversify its new businesses using token securities, and has been exploring business models related to token securities utilizing various underlying assets.

Ryu Siwoong, Head of Business Strategy at iM Securities, stated, "We have signed this business agreement with Koscom to proactively secure competitiveness in the token securities market. We will provide investors with new investment experiences through system development and the creation of attractive products."

Kim Doyeon, Executive Director at Koscom, said, "With the addition of iM Securities, the competitiveness of the joint platform is expected to be further enhanced. The combination of iM Securities' digital innovation strategy and Koscom's infrastructure will accelerate the activation of the token securities market. Based on the experience we have accumulated in the capital market, Koscom will continue to provide stable and reliable infrastructure in the era of token securities."

This content was produced with the assistance of AI translation services.