ChainCatcher news, according to Money Today, three major Korean securities firms, Shinhan Investment Corp, KB Securities, and NH Investment & Securities, will sign a business agreement at the end of this month to form a "Securities Token Alliance" and begin building a joint infrastructure.After that, the three securities firms will detail the composition and operational plan of the alliance, reviewing various methods such as establishing joint ventures and multilateral contracts.

ChainCatcher news, according to a report by Yonhap Infomax, a financial news department under the Korea Economic Daily, Shinhan Investment Corp. is set to establish a private agreement group related to Security Token Offerings (STO) as early as next week, possibly named the "STO Alliance." This group will include member companies directly or indirectly related to STO business, aiming to coordinate and communicate with authorities.ChainCatcher previously reported that South Korea will allow the issuance of security tokens, with the STO issuance and circulation guidelines expected to be announced earlier this month. (Source link)