Koscom Signs MOU with NH Investment & Securities to Promote Token Securities Business

Koscom has signed a memorandum of understanding (MOU) with NH Investment & Securities to collaborate on digital asset and token securities (STO) business initiatives.

On the 12th, at the Koscom headquarters, Koscom President Changhyun Yoon (right) and NH Investment & Securities CEO Kwangsoo Bae (center left) signed a memorandum of understanding (MOU) to promote the token securities platform business, followed by a commemorative photo with employees from both companies. Koscom

According to Koscom on August 13, under this agreement, NH Investment & Securities will participate in Koscom’s joint token securities platform service. Both companies plan to enhance cooperation in related business and technological areas going forward, in preparation for the implementation of the token securities system and the expansion of the digital asset market.

The main areas of cooperation include: verifying systems and work processes through the Koscom joint token securities platform service; integrating related tasks such as token securities issuance and account management; discovering new business models based on digital assets and token securities; and jointly responding to changes in relevant regulations and market environments.

The two companies will also discuss ways to cooperate regarding the potential tokenization of conventional standardized securities, such as debt and equity securities. They aim to enhance operational efficiency by applying blockchain technology to the issuance and distribution of existing securities, while exploring possibilities for innovation in the market infrastructure.

NH Investment & Securities is accelerating preparations for related businesses, including establishing a digital asset TFT, in order to respond proactively to the institutionalization of digital assets and structural changes in the capital market. Centered around this TFT, the company will review digital asset business models and promotion strategies, and verify various business opportunities, such as the tokenization of standardized securities.

Koscom, meanwhile, is building a joint token securities platform that multiple securities firms can use together. This is intended to reduce the individual system development burden and redundant investment for each firm during the early stages of the token securities market, as well as to enable smooth connections between issuers and intermediaries.

Bae Kwangsoo, CEO of NH Investment & Securities, stated, "The institutionalization of digital assets is expected to bring new changes not only to the issuance and distribution structure of the capital market, but also to the entire landscape of financial services. Through this collaboration with Koscom, we will proactively verify the required infrastructure and work processes for the token securities business, and continuously pursue opportunities to expand our capital market capabilities into digital-based financial services."

Yoon Changhyun, President of Koscom, commented, "For the token securities market to fully launch, it is important to provide a reliable infrastructure that enables market participants to connect stably, not just to secure the competitiveness of individual financial institutions. By combining the broad securities industry, IB, and WM expertise held by NH Investment & Securities with Koscom's capital market IT and blockchain capabilities, we will verify the stability and scalability of the joint platform and lay a solid foundation for the token securities issuance market."

This content was produced with the assistance of AI translation services.