Ondo Finance And Kakaopay Securities Partner To Tokenize Korean Equities For Global Investors
In Brief
Ondo Finance and Kakaopay Securities sign an MOU to build a framework for global distribution of Korean equities through tokenization, targeting overseas retail investors.
Ondo Finance, the operator of what it describes as the world’s largest tokenized equity platform, has signed a memorandum of understanding with Kakaopay Securities to facilitate international distribution of exposure to Korean listed equities. The agreement was signed on September 28 at Kakaopay Securities’ headquarters in Pangyo and announced during Korea Blockchain Week, with executives from both firms in attendance, including Kakaopay Securities Executive Vice President Chung Inyoung and Ondo Finance Managing Director Matthieu de Vergnes, who heads the firm’s global institutional business.
The partnership reflects growing international investor appetite for Korean companies, whose equity market has historically been difficult for overseas retail investors to access through conventional channels. Under the MOU, the two companies agreed to pursue three areas of cooperation: building a framework for the international distribution of Korean listed equities, jointly researching the tokenization infrastructure needed to support that distribution, and establishing a dedicated task force to explore business opportunities targeting overseas retail investors.
The initial phase of the collaboration will focus on sourcing and custodying the underlying Korean-listed shares that could serve as the basis for future tokenized products. Kakaopay Securities will operate a foreign investor omnibus account to handle the sourcing, custody, and administration of these shares, while both firms will work together on the technical side — researching token issuance and redemption processes as well as balance management and reconciliation mechanisms.
From Infrastructure Research to Commercialization Decisions
Whether and when tokenized equity products actually launch will depend on applicable legal and regulatory frameworks in both domestic and international jurisdictions, supervisory guidance, and investor protection principles, the companies noted. Commercialization remains a subject for future discussion rather than a settled outcome.
Leadership at both firms framed the partnership as a convergence of complementary strengths. Kakaopay Securities’ Chung Inyoung emphasized that while global demand for investment in Korean companies is rising rapidly, overseas retail investors still face limited access channels, and the goal is to turn international distribution of Korean equities into a service that functions in practice. Ondo’s de Vergnes described South Korea as one of the world’s most sophisticated digital asset markets and a critical geography for the firm’s push to bring tokenized equities and other real-world assets into financial services that consumers already use and trust.
The partnership also signals a broader strategic direction for tokenization in Korea, with Ondo announcing the deal as a new chapter for the sector. As a follow-up to the MOU, the companies plan to establish a joint task force later this year to develop operational frameworks for share sourcing and custody and to advance their research into tokenized equity infrastructure.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
