---
title: "Kakaopay Securities and Dinari Partner to Tokenize Korean Equities"
description: "The collaboration plans a joint task force and proof of concept to distribute tokenized South Korean stocks to international investors."
url: https://basisdesk.news/news/kakaopay-securities-dinari-tokenize-korean-equities
published: 2026-09-29T05:06:29.519Z
modified: 2026-09-29T05:06:29.519Z
section: RWA & Tokenization
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: []
tags: [tokenization, equities, kakaopay-securities, dinari, south-korea, real-world-assets]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## 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.

## Editorial remark

- **Context:** Foreign investor access to Korean equities has historically been constrained by operational hurdles and limited depositary receipt listings.
- **Impact:** Korean public companies gain a prospective alternative channel for global capital, while Dinari expands its dShares model beyond U.S. assets.
- **Watch:** The formation of the joint task force later in 2026 and subsequent disclosures regarding the first batch of tokenized Korean stocks.

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].

## FAQ

**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. [Kakaopay Securities and Dinari Partner to Expand Global Access to Korean Equities](https://www.prnewswire.com/news-releases/kakaopay-securities-and-dinari-partner-to-expand-global-access-to-korean-equities-302892144.html) — PR Newswire, 2026-09-29

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai