Kakao Pay Signs Memorandum of Understanding with Ondo and Dinari for Tokenization

Kakao Pay has signed a memorandum of understanding with Ondo Finance and Dinari to explore the overseas distribution and tokenization of South Korean listed stocks. The parties plan to establish a joint working group within this year to discuss the procurement and holding of underlying South Korean stocks through comprehensive accounts for foreign investors, the issuance and redemption of tokens backed by stocks, as well as the reconciliation of balances between stocks and tokens, and the representation of shareholder rights such as dividends and voting rights on the blockchain. The collaboration with Ondo will focus on leveraging its global distribution network and tokenization infrastructure, while Dinari will concentrate on the proof of concept (PoC) for technical feasibility.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.