Koscom and Daishin Securities Sign MOU to Promote Token Securities Platform Pilot Project

KOSCOM is partnering with Daishin Securities to expand its token securities (ST) business.

On the 25th, at the Koscom headquarters, Kim Seong-hwan, Executive Director of Koscom (right), and Song Jong-won, Head of Division at Daishin Securities, signed an MOU to promote the pilot project of the token securities platform and took a commemorative photo. (Provided by Koscom)

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On the 26th, KOSCOM announced that it had signed a "business agreement for the promotion of a token securities platform pilot project" with Daishin Securities.

This agreement was made to broaden the base of the KOSCOM token securities joint platform and to concretize the business model. Through this agreement, KOSCOM will provide issuance infrastructure via the joint platform, and Daishin Securities will actively promote the ST business from discovering token securities products to issuance on the joint platform.

Since last year, KOSCOM has been actively supporting the token securities joint platform project and is developing a system that securities firms can immediately use to provide services once token securities-related legislation is passed. Upon completion of the system development, it plans to offer the securities industry services that utilize the token securities issuance and distribution joint platform and distributed ledger technology.

KOSCOM has made various efforts to lower the entry barriers for the financial investment industry into token securities. Previously, in April last year, it signed a business agreement with LG CNS to advance the development of the token securities joint platform, and in August, it signed a business agreement with Kiwoom Securities for a pilot project of the STO joint platform.

Daishin Securities has shown its commitment to the token securities new business by acquiring Korea’s first real estate fractional investment company, Casa Korea, in March last year, and in September, it successfully raised 16.7 billion KRW through a fractional investment public offering for the Apgujeong Commerce Building.

Kim Seong-hwan, Executive Director of KOSCOM, said, "We expect that the combination of KOSCOM’s infrastructure and Daishin Securities’ product issuance will lay the foundation for revitalizing the token securities market."

Meanwhile, following Kiwoom Securities, which jointly participated in platform development last year, KOSCOM plans to continuously expand the number of joint platform participants by signing MOUs, using this MOU with Daishin Securities as a starting signal.

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