Kakaopay Securities and Dinari explore tokenized Korean equities

The companies intend to form a joint task force later this year to navigate the technical and regulatory hurdles of bridging Korean markets with international digital distribution channels. Central to the project is Dinari’s dShares model, which issues tokens backed one-to-one by underlying securities held in regulated custody. This structure is designed to maintain traditional shareholder benefits, such as voting rights and dividend eligibility, within a blockchain-based framework.

While Dinari currently supports 724 tokenized U.S. stocks and ETFs, the expansion into Korean equities remains in the early stages of a proof of concept. No specific companies have been selected for the trial, and the partners have not established a launch timetable. The project must reconcile South Korea’s evolving domestic tokenized securities framework—set to take effect in February 2027—with international compliance standards.

This initiative operates alongside Kakaopay Securities' ongoing efforts to broaden overseas access to Korean markets, including a separate collaboration with Siebert Financial. The task force will focus on the complexities of cross-border reconciliation, asset redemption, and ensuring the infrastructure satisfies U.S. securities regulations. The firms have yet to clarify how this new workstream will integrate with their broader international strategies.