Korea Investment & Securities is preparing to expand beyond fractionalized investment products in the tokenized securities market and into the tokenization of standardized securities such as stocks and bonds, TokenPost reported.
Park Sung-jin, head of the company’s Digital Asset Strategy Department, made the comments in an interview with Yonhap Infomax. He said that if the system allows it, the firm wants to become the first institution to enter that market, drawing on its experience as an early entrant in areas including bill issuance and IMA.
Park said the company would not rely on first-mover status alone. Its priority, he said, is to discover and supply products that can win customer trust. Korea Investment & Securities plans to use capabilities built across its investment banking division, project finance division and investment products division to offer products that investors can trust.
The Digital Asset Strategy Department started last year as a special task force and was formally established at the beginning of this year. Its main business focus includes tokenized securities, stablecoins and cooperation with Coinone. Korea Investment & Securities entered the digital asset market through an investment in Coinone shares.
On the division of roles, Park said the virtual asset business should be led by trading platforms that are more familiar with that field, with the two sides working in coordination. Their current cooperation has begun with the provision of Korea Investment & Securities’ domestic stock investment information inside the Coinone app. The company is also reviewing internal controls and security, and expects formal cooperation to begin after the Digital Asset Basic Act now being reviewed by the National Assembly is passed.
The company is also watching stablecoins. Park said it views them as a convenient payment method and is studying ways to use them for settlement of other goods.