Kakaopay partners with Dinari, Ondo to explore tokenized Korean stocks
Kakaopay Securities is partnering with Dinari and Ondo Finance to explore tokenizing Korean-listed stocks for distribution to international investors. The Dinari deal will test a proof of concept using its dShares model, aimed at preserving shareholder rights such as dividends and voting, with real Korean shares as the underlying assets. No specific companies or launch timeline have been set. The Ondo partnership focuses first on building sourcing and custody infrastructure for Korean shares, including a foreign investor omnibus account that would hold and administer the underlying equities. The firms will also study token issuance and redemption, with commercialization dependent on South Korean and overseas regulations. The move aligns with South Korea’s push to regulate tokenized securities, including legal recognition of distributed ledgers as securities registries and a framework expected in February 2027. Tokenized stocks have grown rapidly, but the market is still concentrated in US equities and ETFs.
