<p>Hana Securities, the securities arm of South Korean financial holding company Hana Financial Group, <a href="https://www.edaily.co.kr/news/read?newsId&#61;01607206635707320&amp;mediaCodeNo&#61;257&amp;OutLnkChk&#61;Y" rel="noopener noreferrer nofollow">said</a> Monday it will build a security token platform starting next month to expand its network and capabilities in digital assets in line with the ever-changing financial landscape.</p><h2 id="header-0">Pursuing market dominance</h2><p>The company revealed that it will choose an external firm by this month to commission the construction of the platform. It also plans to dominate the market by applying to get the platform approved as an innovative financial service by the end of this year. The Innovative Financial Services system, operated by the Fintech Center Korea, is a system that offers special exemptions from regulation for unique and innovative financial services.</p><p>This strategic move is poised to position Hana Securities as a pioneering force in offering financial services that circumvent conventional regulations, exemplifying its dedication to fostering innovation and originality.</p><h2 id="header-1">Cultivating collaborative synergies</h2><p>Hana Securities is also pursuing partnerships with digital asset enterprises to work on security token projects and platforms that allow for fractional investment in underlying assets. The firm has already entered into business agreements with key companies such as art gallery Print Bakery, tech solution provider ITCEN, and content distributor DANAL Entertainment to collaborate in various sectors, including art, precious metals like gold and silver, and mobile content.</p><p>This multifaceted approach not only underscores Hana Securities’ versatility but also its commitment to fusing traditional and modern assets in the realm of security tokens.</p><p>It will also expand collaboration models with companies running new asset platforms, such as those related to real estate funding for small businesses and digital content distribution.</p><p>“Companies with various underlying assets are showing high interest in the issuance and distribution markets for security tokens,” said Choi Won-young, Head of Hana Securities’ Digital Division.</p><p>“Through the enhancement of our business model and rapid platform development, we aim to connect various assets to security token products, supply them to the market, and provide customers with new investment experiences.”</p>

Hana Securities to Accelerate Security Token Platform Development

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