<p>South Korea’s major securities company, Hana Securities, <a href="https://www.etoday.co.kr/news/view/2300247" rel="noopener noreferrer nofollow">has recently chosen</a> Itcen and INF Consulting to spearhead the development of its security token offering (STO) platform. After initial discussions in July about the project, the decision to bring these main partners on board is set to accelerate the launch of Hana Securities’ STO operations.</p><h2 id="header-0">Comprehensive STO platform</h2><p>Itcen and INF Consulting offer a spectrum of services from conceptualizing to building platforms. Hana Securities, in collaboration with these key partners, aims to create a comprehensive platform that manages the entire lifecycle of security tokens, encompassing everything from their issuance to circulation, by the latter half of next year. Following this development, the securities company intends to create an environment that allows various asset holders to issue security tokens. Hana Securities is also poised to orchestrate the development of the broader security token ecosystem.</p><p>Choi Won-young, Head of Digital Division at Hana Securities, has expressed the firm’s commitment to the seamless development of an STO market. He mentioned that Hana Securities will engage in a range of activities, including platform development, to establish itself as a frontrunner in the STO space. The company plans to engage in dialogue with various businesses to explore collaborative opportunities that promise mutual growth.</p><h2 id="header-1">Expanding collaborative network</h2><p>In its pursuit to shape the STO market, Hana Securities has <a href="https://medium.com/&#64;coinness.gl/hana-securities-to-accelerate-security-token-platform-development-8b40a57e345c" rel="noopener noreferrer nofollow">expanded its collaborative network</a> by partnering with several entities, including Oasis Business, a prop fintech startup; Print Bakery, an art-centric platform; and Danal Entertainment, a distributor of digital content. These collaborations are centered around fractional investments and the creation of security tokens backed by diverse assets, including real estate, art pieces, precious metals like gold and silver as well as mobile content. Additionally, Hana Securities is a participant in <a href="https://medium.com/&#64;coinness.gl/mirae-asset-securities-expands-security-token-group-with-media-collaborators-3fa7d1c50735" rel="noopener noreferrer nofollow">the Next Finance Initiative (NFI) consortium</a> alongside Mirae Asset Securities and SK Telecom via the Hana Financial Group. This alliance aims to solidify the STO market’s foundation and advance STO-related ventures.</p><p>In line with this development, Hana Securities also <a href="https://www.hanafn.com:8002/mediaRoom/hanaNews/newsList/view.do" rel="noopener noreferrer nofollow">forged a partnership</a> with Finakle, a prop-tech enterprise that runs Rebit, a platform enabling fractional investments in commercial properties. Through this partnership, Hana Securities will manage accounts for transactions and aims to further this cooperation to refine business models going forward. Finakle, on its part, will concentrate its efforts on creating products and platforms for the issuance of security tokens tied to commercial real estate.</p><p>Speaking on the joint initiative, Hana Securities’ Choi highlighted the company’s plans to widen their cooperative ventures with Finakle. This strategy is aimed at developing an array of business models and enriching the pool of commercial real estate investment options available to clients.</p>

Hana Securities chooses Itcen and INF Consulting as security token platform developers

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