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Basis Desk
RWA & Tokenization · 1 min read

Kakaopay Securities and Dinari Partner to Tokenize Korean Equities

The collaboration plans a joint task force and proof of concept to distribute tokenized South Korean stocks to international investors.

Bullish

Key points

  • Kakaopay Securities and Dinari partnered to launch a proof of concept for tokenizing Korean-listed equities.
  • The initiative leverages Dinari's 1:1 backed dShares model, which preserves dividend and corporate voting rights.
  • A joint task force will launch later this year to test minting, redemption, and regulatory requirements for global markets.

South Korean brokerage Kakaopay Securities has entered a strategic partnership with tokenization infrastructure firm Dinari to explore international distribution of Korean-listed equities via blockchain tokens 1. Announced on Sept. 29, 2026, the tie-up aims to provide overseas investors, including those in the United States, with exposure to South Korean capital markets using Dinari's dShares custodial model 1.

Under the agreement, Kakaopay Securities and Dinari will build a framework for sourcing underlying Korean shares and conduct a proof of concept evaluating the operational, legal, and technical requirements of token issuance 1. Dinari's dShares structure provides 1:1 backing by corresponding underlying securities while maintaining shareholder rights, such as dividend payouts and voting access 1. The firms indicated that international access to domestic Korean shares has historically been restricted, largely confined to depositary receipts traded on foreign bourses 1.

Global Distribution and Next Steps

Dinari, an SEC-registered transfer agent, currently supports 724 tokenized U.S. equities and exchange-traded funds across more than 85 jurisdictions 1. Kakaopay Securities, which secured an investment trading business license in July 2026, intends to use the partnership to establish new outward conduits for domestic public issuers 1.

Later this year, the two companies plan to form a joint task force to formalize the operational architecture 1. That work will test token issuance and redemption mechanics against underlying physical shares, reconciliation protocols, and distribution pathways across Dinari's external network 1.

Questions this story raises

What is Dinari's dShares model?
Dinari's dShares are tokenized securities backed one-to-one by underlying shares in a custodial framework designed to retain shareholder rights, including voting and dividends.
Who can access these tokenized Korean shares?
The project intends to enable international distribution, including in the United States and over 85 international jurisdictions where Dinari operates, pending regulatory assessments.

Sources

  1. [1] Kakaopay Securities and Dinari Partner to Expand Global Access to Korean Equities — PR Newswire, September 29, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: hello@basisdesk.news.

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