SK Telecom (NYSE: SKM) and Mirae Asset Securities have partnered to create a security token (ST) ecosystem by combining SK Telecom’s expertise in blockchain networks, Web3 wallets, and NFT marketplaces with Mirae Asset Securities’ financial investment infrastructure and global network.
The two companies have signed a memorandum of understanding to form the Next Finance Initiative (NFI) consortium, which aims to prepare and promote the security token business.
Security tokens support the securitization of assets such as real estate and works of art and are issued and distributed using distributed ledger technology.
The collaboration is expected to enable the issuance of various security tokens in existing real estate and art investments and in entertainment sectors such as webtoons, movies, and dramas.
The NFI consortium will focus on building security token infrastructure, jointly identifying assets to be covered by security tokens, and developing related services.
In addition, SK Telecom aims to showcase its capabilities as a leading ICT company in IT technology and infrastructure, such as blockchain, which forms the basis of security tokens, and create business opportunities by collaborating with Mirae Asset Securities, a specialized financial investment group.
The two companies plan to actively promote the participation of domestic representative companies in the NFI Consortium and support companies and projects seeking to issue security tokens.
Furthermore, utilizing Mirae Asset Securities’ global infrastructure, the NFI Consortium will also explore various plans for the worldwide commercialization of security tokens based on domestic success stories.
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