Capital markets IT company Koscom has registered five trademarks for won stablecoins, and is expanding its work in the space. The Korea Exchange is the company’s largest shareholder. Many Korean firms have ramped up stablecoin activities as the government prepares legislation for stablecoins and tokenized securities.
The company started working on a proof of concept in July to explore the use of stablecoins for a security token settlement system. At the time, a spokesperson said, “This is a strategic attempt to pre-design and prepare capital market infrastructure in preparation of the future introduction of stablecoins.”
Koscom has reorganized its existing Future Business Division into the “Digital Asset Business Promotion Task Force”. The move follows the development of a security token issuance infrastructure and an alliance with seven securities firms.
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