Siebert Becomes U.S. Partner of Kakao Pay Securities, Plans to Launch Tokenized Trading of Korean Stocks by 2027

Siebert Financial Corp. has agreed to become the U.S. partner of Kakao Pay Securities, with plans to launch a tokenized trading service for Korean stocks to American investors through the K-Stock Global Gateway. Kakao Pay Securities has approximately 9 million stock accounts in South Korea. The two parties will explore the tokenization of Korean stocks, allowing American investors to access Korean stocks outside of regular trading hours on the Korea Stock Exchange, and investigate whether tokenized securities can support T+0 settlement. The initial tokenized trading service is expected to be launched in the first half of 2027, subject to compliance with regulatory requirements and investor protection standards in both the U.S. and South Korea.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.