Koscom Signs MOU with Woori Investment & Securities to Advance Token Securities Platform Business

Koscom is joining forces with Woori Investment & Securities to build infrastructure for the Security Token Offering (STO) market.

On May 13, Koscom announced that it had signed a memorandum of understanding (MOU) with Woori Investment & Securities for business cooperation in the digital asset and STO sectors.

Woori Investment & Securities participated in this agreement to expand its new business in the digital asset field and enhance its competitive edge in token securities services. Koscom plans to continue business collaboration based on its technical support and platform operation expertise related to STOs.

Koscom is currently collaborating with multiple securities firms on token securities platform projects and is working to expand the related ecosystem. In particular, as discussions on institutionalizing the token securities market continue, movements within the industry to prepare for digital asset businesses are also gradually increasing.

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

Yoon Changhyun, CEO of Koscom, said, "The joint platform for token securities is designed so that securities firms can efficiently utilize a stable issuance infrastructure," adding, "We will continue to advance the token securities market infrastructure through ongoing collaboration with market participants."

Nam Ki-chun, CEO of Woori Investment & Securities, stated, "We will establish a stable token securities platform environment by combining Koscom's blockchain technology with Woori Investment & Securities' expertise in the securities industry."