DailyNews
vip

Odaily Planet Daily News Several major banks in South Korea have joined a consortium of banks working on security token offerings (STO). In April, Seoul-based NongHyup formed the alliance, which aims to create an ecosystem centered around security tokens.


In South Korea, these are blockchain-powered versions of traditional investments such as stocks or bonds, but can also grant equity or other rights in real estate, investment funds and even artwork.
According to the Korea Herald, Hana Bank, Shinhan Bank, and Woori Bank have also joined NongHyup's consortium. The group also includes other fintech companies such as Funble, Trackchain (a subsidiary of fintech Aton) and Artipio, bringing the total number of members to 18.
Earlier this year, South Korea legalized security token offerings in response to the growing demand and popularity of digital assets at home and abroad. (Blockworks)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)