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KB Securities is moving ahead with a tokenized securities business after signing a memorandum of understanding with global tokenization platform Securitize and the Optimism Foundation to help build a foundation for South Korean institutional investors to use tokenized assets, JikSSEUL reported.
Under the agreement, KB Securities will be responsible for product supply by leveraging its capabilities in underwriting, issuance and sales of financial products, along with its institutional client base. Securitize will provide tokenization infrastructure, while the Optimism Foundation will provide a blockchain-based network.