Koscom Signs Business Agreement with Daol Investment & Securities... Advancing Security Token Platform Business

Koscom has signed a business agreement with Daol Investment & Securities, expanding the number of participants in its joint security token (STO) platform to 10 companies. This move aims to alleviate the initial infrastructure-building burden in the securities industry and to accelerate the industry's response to the emerging market.

On May 12, Koscom announced that it had signed an MOU with Daol Investment & Securities to promote the joint security token (STO) platform business.

Koscom has been expanding its capabilities in the security token sector by: ▲ building a security token issuance platform with LG CNS; ▲ conducting a total volume management testbed demonstration with Korea Securities Depository; ▲ performing a proof-of-concept (PoC) for atomic settlement technology based on stablecoins; and ▲ participating in Korea Exchange's fractional investment distribution platform, the "KDX Consortium."

Daol Investment & Securities plans to use this agreement to build a stable security token system and enhance its competitiveness in the digital asset sector.

Yoon Changhyun, President of Koscom, stated, "We will actively support the entire process of security token issuance, distribution, and settlement so that participating companies can focus on developing business models and enhancing service competitiveness, while reducing the burden of infrastructure development."

Hwang Junho, CEO of Daol Investment & Securities, said, "Through our collaboration with Koscom, we will establish a robust STO infrastructure and provide customers with a highly reliable digital asset investment experience."

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