DB Financial Investment Signs MOU with Solana Foundation to Build STO-Based Digital Capital Market

DB Financial Investment (CEO Kwak Bongseok) announced on the 6th that on the previous day, the 5th, it signed a strategic memorandum of understanding (MOU) with the Solana Foundation, a global public blockchain platform, to build a digital capital market based on security tokens (Security Token Offering, STO).

Through this MOU, the two parties plan to gradually promote: joint discovery and financial structuring of domestic and overseas STO underlying assets; review of domestic STO issuance and post-management structures that comply with the Capital Markets Act of the Republic of Korea and related guidelines; review of overseas STO issuance, public offerings, and distribution structures utilizing the Solana public blockchain network; technical review of the potential linkage between regulated securities systems and blockchain-based token management systems; and exchange of information on regulatory and policy trends related to STOs and digital assets in Korea and abroad.

DB Financial Investment is currently actively working on discovering STO underlying assets, focusing on various types of physical and income-generating assets, and is building a productization framework that connects structuring, financing, and investor recruitment through collaboration with its investment banking (IB) organization. The company explained that, through this, it is carrying out practical business preparations with the goal of launching STO products that can actually be traded in the market.

In addition, the company plans to participate in the global blockchain event "Solana Accelerate APAC," which will be held in Hong Kong on the 11th, and briefly introduce to the global market the direction of STO collaboration with Solana and the related business structure. The event is expected to be attended by a large number of global blockchain companies, financial institutions, developers, and investors. From the perspective of a regulated domestic financial institution, DB Financial Investment plans to share STO structures and regulation-friendly business models and to explore possibilities for overseas cooperation.

Lee Jusik, Head of the Digital Asset New Business Promotion Team at DB Financial Investment, said, "Security tokens are a core area that advances the methods of securities issuance and distribution by leveraging digital technology within the existing capital market framework," adding, "DB Financial Investment is already simultaneously pursuing underlying asset discovery and financial structuring in connection with its IB organization. In the domestic market, we are executing a two-track strategy of developing realistic products that comply with the regulated financial system, while in overseas markets we are reviewing business structures targeting the global market through technological collaboration with Solana." He added, "This agreement and participation in the global event in Hong Kong will serve as a starting point for full-fledged discussions on concrete collaboration."

Lee Seongsan, Korea Representative of the Solana Foundation, said, "STO is a representative application area where public blockchains converge with regulated finance," and added, "We look forward to working with DB Financial Investment to create a collaboration model that simultaneously takes into account a technical structure suitable for the Korean capital market environment and the potential for global expansion."

DB Financial Investment plans to gradually expand its STO business going forward, led by the Digital Asset New Business Promotion Team, in line with future schedules for improvements to relevant laws and institutions and changes in market conditions.

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