Securitize, the NYSE-listed tokenization platform with roughly $5 billion in assets under management, and LG CNS, the technology services arm of South Korea’s LG Group, signed a memorandum of understanding on October 6 to develop tokenized asset infrastructure for Korean financial institutions. The agreement covers tokenized funds, equities and stablecoins, pairing Securitize’s regulated tokenization rails in the United States and European Union with LG CNS’s reach across Korea’s financial sector.
The partnership focuses on three areas: market development across Korea and the broader Asia-Pacific region, technology and product work tailored to Korean institutions, and digital asset infrastructure that could eventually connect Korean and global markets for round-the-clock settlement of tokenized securities and stablecoins. LG CNS also launched its own blockchain infrastructure platform the same day, designed to help banks and other financial firms support stablecoins and tokenized securities.
The timing aligns with a formal push in Seoul. South Korea’s Financial Services Commission recently proposed a framework governing the issuance of tokenized stocks, bonds and funds, set to take effect in February 2027. LG CNS has existing tokenization experience after working with steelmaker POSCO in July to tokenize trade receivables on Injective. Securitize has brought funds onchain with Apollo, BlackRock, KKR and Hamilton Lane, and began trading on the New York Stock Exchange in July following its merger with Cantor Equity Partners II.
Following the announcement, Securitize stock rose nearly 8 percent on October 7, trading near $12.60 before trimming some gains. The tokenized equities market has grown to roughly $3.2 billion, up about 11 percent over the prior 30 days, while the wider real-world asset category is around $40 billion. Securitize co-founder and CEO Carlos Domingo said South Korea has one of the world’s most sophisticated technology and financial markets, making it an important market for the next phase of institutional tokenization.
The memorandum is exploratory rather than a live product launch, and any products or services will depend on applicable laws and regulatory approvals. No launch dates, deal sizes or named institutional clients were disclosed.
