Korea Investment & Securities Seeks to Build In-House STO Platform
Summary
- Korea Investment & Securities is seeking to build its own security token offering (STO) platform and has sent requests for proposal for the project.
- The platform is designed as an integrated issuance system covering conventional securities including bonds and money market funds (MMFs).
- Korea Investment & Securities is preparing the STO issuance platform ahead of the token securities law taking effect next year, as competition over STO platforms intensifies among brokerages.
Forecast Trend Report by Period
Korea Investment & Securities is seeking to build its own security token offering, or STO, platform.
Maeil Business Newspaper and other local media reported on June 4 that the brokerage recently sent requests for proposal to major service providers to build the platform.
The company presented the platform's goal as an integrated issuance system covering conventional securities including bonds and money market funds, or MMFs, the reports said. A Korea Investment & Securities official said the firm is preparing an STO issuance platform ahead of the token securities law taking effect next year.
Competition among brokerages to build STO platforms is already intensifying. Mirae Asset Securities, which partnered with Hana Financial Group and others, completed the mainnet for its own STO platform in 2024. KB Securities and Shinhan Investment & Securities are also pursuing in-house STO platforms.
