Siebert becomes Kakao Pay Securities' US partner, plans to launch tokenized trading services for Korean stocks in the first half of 2027
2026-07-28 00:07
Odaily Odaily reports that Siebert Financial Corp., a Nasdaq-listed financial services company, has agreed to become the US partner of Kakao Pay Securities. The two parties plan to launch tokenized trading services for Korean stocks targeting US investors through the K-Stock Global Gateway.
Kakao Pay Securities holds approximately 9 million stock accounts in South Korea. The two parties plan to explore the tokenization of Korean stocks, allowing US investors to access Korean stocks outside of the regular trading hours of the Korea Exchange, and to study whether tokenized securities can support T+0 settlement.
The initial tokenized trading service is targeted for launch in the first half of 2027. Both parties stated that any implementation would be subject to compliance with US and South Korean regulatory requirements and investor protection standards.
Kakao Pay Securities holds approximately 9 million stock accounts in South Korea. The two parties plan to explore the tokenization of Korean stocks, allowing US investors to access Korean stocks outside of the regular trading hours of the Korea Exchange, and to study whether tokenized securities can support T+0 settlement.
The initial tokenized trading service is targeted for launch in the first half of 2027. Both parties stated that any implementation would be subject to compliance with US and South Korean regulatory requirements and investor protection standards.
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