Koscom, Hyundai Motor Securities sign MOU on tokenized securities platform

Koscom has signed a memorandum of understanding with Hyundai Motor Securities for the use of a joint tokenized securities platform and broader business cooperation, The Asia Business Daily reported. According to Koscom on Sept. 2, the agreement was arranged to establish shared infrastructure and a service system to support tokenized securities issuance and related operations in a stable manner ahead of the rollout of the tokenized securities framework in February next year. The two sides plan to cooperate on the following: - business and system integration for the use of Koscom’s joint tokenized securities platform - identifying underlying assets and products for tokenized securities - detailing issuance and account management processes - conducting joint tests reflecting legal, regulatory, and investor protection requirements - exchanging information to help invigorate the tokenized securities market