DB Securities announced on the 18th that it has signed a memorandum of understanding (MOU) with Korea Financial Telecommunications & Synchronization (KFTC) to jointly promote the token securities (STO) platform business.
The MOU signed this time is described as a strategic alliance to jointly promote the establishment of distribution and issuance infrastructure based on blockchain technology. The two companies plan to strengthen their cooperative system regarding token securities-related businesses in the future.
With this agreement, DB Securities aims to proactively respond to the STO market while continuing its investment and strategic development to secure future-oriented capital market infrastructure.
A representative from DB Securities said, "Token securities are a new growth axis that can enhance the efficiency and accessibility of the capital market, and through collaboration with KFTC, we will proactively secure digital asset-based financial services and create a transparent transaction environment to increase investor trust."