Japan’s SBI Group and Korea’s Kyobo Life Insurance Group partnered to explore business opportunities relating to digital finance and technology. Given the partnership is only just starting, the announcement was short on detail, apart from the specific mention of tokenization and security tokens.
SBI and Kyobo have an existing relationship for a venture capital fund covering the FinTech sector in Southeast Asia. Under the latest agreement, SBI may get involved with Korean ecosystems and consortia relating to Security Token Offerings (STOs). That’s in addition to sharing technology capabilities and know how.
Tokenization aims to make the investment process more efficient and transparent. It has the potential to expand the pool of potential investors by lowering the investment denominations and using public blockchain.
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