South Korean securities firms expand token security and digital services

South Korean securities firms are expanding their digital asset and service offerings. Eugene Investment & Securities has entered a partnership with Bitoz to conduct a proof-of-concept (PoC) for using stablecoins to settle token security subscription payments, aiming to integrate the entire process from subscription to settlement on the blockchain.

Shinhan Securities has signed a memorandum of understanding with Blueard and Lotte Future Strategy Research Institute to develop business models for content-based investment contract securities and token securities.

Other industry updates include KB Securities launching ‘Kkaebio’, an investment performance analysis service, and Kiwoom Securities participating in community support events for traditional markets and vulnerable groups during the Chuseok holiday. Additionally, Shinhan Securities announced 24-hour global desk operations to support overseas stock and derivative trading during the holiday period.