
AI-generated summary
Korea Investment & Securities has previously reviewed synergy models related to digital asset business, such as building electronic wallets with Kakao Bank and distributing stable coins and token securities.
Korea Investment & Securities announced on the 1st that it signed a strategic business partnership agreement (MOU) with Kakao Group to jointly develop and promote services related to digital asset issuance and distribution.
Accordingly, Korea Investment & Securities plans to join hands with Kakao Group (Kakao, Kakao Bank, and Kakao Pay) to establish a multifaceted financial service cooperation system encompassing the entire digital asset field.
The agreement includes specification of plans to utilize digital assets, provision of financial services such as investment, remittance, and settlement using digital asset services, establishment of related core infrastructure such as electronic wallets (wallets) to provide digital asset services, and cooperation to store digital assets and link digital asset services to customers.
Korea Investment & Securities said, “It was promoted to proactively respond to the rapidly changing digital financial environment and create synergy effects by combining Korea Investment & Securities’ asset management capabilities with Kakao Group’s platform competitiveness.”
Previously, Korea Investment & Securities had been reviewing synergy models related to digital asset business such as building electronic wallets, stable coins, and token securities distribution with Kakao Bank [323410].
Kim Seong-hwan, CEO of Korea Investment & Securities, said, “It will be an opportunity to explore new possibilities in digital asset-based financial services by combining Korea Investment & Securities’ financial expertise and Kakao Group’s platform dominance.”
Hoyoung Yoon, CEO of Kakao Bank and head of the Kakao Group Stablecoin Joint Task Force, said, “We will expand the scope of cooperation to the overall digital asset infrastructure, including linking services related to issuance and distribution of digital assets with Korea Investment & Securities.”
AI outlook — possibilities, not facts
Korea Investment & Securities and Kakao Group will establish a specific roadmap for launching digital asset electronic wallets and related services.
Likely · Within months
Once the regulatory environment related to digital assets becomes clear, the cooperation is likely to expand to token securities and stablecoin distribution services.
Possible · Within months

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