Hana Securities Signs MOU with Upbit Global for Cooperation in Digital Asset Finance Business

Hana Securities announced on September 14 that it signed a Memorandum of Understanding (MOU) on September 11 at its Yeouido headquarters in Seoul with Upbit Global, aiming for business cooperation in the fields of digital assets and finance.

Jung Youngkyun, Head of the IB Group at Hana Securities (left), and Kim Gukhyun, CEO of Upbit Global, are taking a commemorative photo at the business agreement ceremony held at Hana Securities Yeouido headquarters on the 11th. Hana Securities

Upbit Global is a Singapore-based holding company that oversees Upbit’s overseas digital asset business. Through this agreement, the two companies plan to combine their respective financial and asset management expertise with digital asset technology and global networks to discover new business opportunities.

The main areas of cooperation include: ▲the development of digital asset management business models; ▲the design and rollout of products and services related to digital assets; ▲the establishment of infrastructure and systems for digital assets; and ▲joint investments in digital asset businesses.

Hana Securities currently operates asset management company HAMA in Singapore, while Upbit Global is expanding its overseas digital asset business based in Singapore. The two companies intend to gradually explore various possibilities for partnership centered on Singapore by leveraging their respective local business bases and networks. In addition, they have agreed to continuously identify cooperation opportunities within the scope of their overseas networks and existing licenses.

Seongmook Kang, CEO of Hana Securities, stated, “Hana Securities is accelerating its digital asset business to quickly establish a foundation where traditional financial products such as stocks, bonds, and funds can be issued and traded in a tokenized form. We will gradually build related infrastructure, including issuance platforms, in line with the institutionalization of Security Token Offering (STO), and proactively prepare for the STO market’s full-scale launch next year.”

Gukhyun Kim, CEO of Upbit Global, commented, “This agreement will serve as an opportunity to seek new avenues for cooperation based on expertise in traditional finance and digital asset sectors. By leveraging Upbit Global’s technology and international business experience, we will identify practical areas for collaboration and contribute to establishing a trustworthy digital asset finance ecosystem.”

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