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Koscom has signed a memorandum of understanding with Hyundai Motor Securities for the use of a joint tokenized securities platform and broader business cooperation, The Asia Business Daily reported.
According to Koscom on Sept. 2, the agreement was arranged to establish shared infrastructure and a service system to support tokenized securities issuance and related operations in a stable manner ahead of the rollout of the tokenized securities framework in February next year. The two sides plan to cooperate on the following:
– business and system integration for the use of Koscom’s joint tokenized securities platform
– identifying underlying assets and products for tokenized securities
– detailing issuance and account management processes
– conducting joint tests reflecting legal, regulatory, and investor protection requirements
– exchanging information to help invigorate the tokenized securities market