Today Singapore’s SBI Digital Markets (SBIDM) signed a memorandum of understanding with Korea’s Kyobo Securities around security token offerings (STO). SBIDM is an indirect subsidiary of Japan’s SBI Group, which is very active in the tokenization arena. Together the two companies want to use their ecosystems in the Korean and global markets to explore real world asset tokenization, particularly in Europe and Asia, which have greater legal certainty.
While one could pigeonhole SBIDM as a tokenization firm, it doesn’t just provide a technology solution. Advisory is a big part of its business, and it also offers complimentary services such as custody.
With SBIDM’s home in Singapore, its Japanese heritage and Thailand’s SCB 10X as an investor, the company already has a pan Asian outlook which is extended by its Kyobo collaboration.
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