Kyobo Securities Signs MOU with SBI Digital Markets for Digital Finance Cooperation
Kyobo Securities has signed a memorandum of understanding (MOU) with SBI Digital Markets (“SBIDM”) for a strategic partnership to promote the domestic and global digital finance ecosystem and token securities (STO) businesses. To conclude this agreement, Seokki Lee, the President and CEO of Kyobo Securities visited Singapore and attended the agreement signing ceremony with Winston Quek, CEO of SBI Digital Markets.
SBIDM is a Singapore-based subsidiary of the Japanese financial conglomerate SBI Group and is a company leading digital finance innovation globally. SBIDM’s technological capabilities are expected to play an important role in the cooperation with Kyobo Securities.
Kyobo Securities and SBIDM are exploring tokenised Real-World Assets in Asia and European markets, where digital asset legal framework is well established. Through the partnership, Kyobo Securities and SBIDM will also leverage their ecosystems to cement their leadership positions in the Korean and global STO markets.
Kyobo Securities is currently establishing a solid position in the domestic securities industry and providing various financial products and services. It is also continuously making various attempts for digital finance innovation, and this collaboration with SBIDM will drive the efforts.
Heejin Shin, Director and Head of New Business Development at Kyobo Securities, said, “This collaboration is significant in providing clients with better products and services in a timely manner through digital technology,” and “We expect that collaboration with a global leader in the digital field will greatly contribute to enhancing the competitiveness of the domestic digital finance industry.”
About Kyobo Securities
Kyobo Securities is a subsidiary of Kyobo Life Insurance Group and is the first securities firm established in Korea in 1949. Leveraging the Group’s financial service businesses, Kyobo Securities provides distinguished financial services in brokerage, investment banking, sales and trading, and wealth management. Guided by the slogan of “Transformation and Innovation,” Kyobo Securities is committed to building a foundation for sustainable growth and driving new businesses including digital assets, climate financing, etc. to become the “Best Investment Partner” for customers.
Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. We invite you to also register for our short weekly digest, the “Japan FinTech Observer”, on Medium or on LinkedIn. Our global Finance & FinTech Podcast, “eXponential Finance” is also available through its own LinkedIn newsletter, or via our Podcast Page.
Should you live in Tokyo, or just pass through, please also join our meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.
