On the front of Korea stock tokenization, Ondo has taken another step forward.
PANews, citing a report by The Block, says Ondo Finance has signed an MOU with KakaoPay Securities, planning to study how to connect Korea’s listed stocks to a global tokenized stock distribution network. The direction includes original share custody, issuance and redemption, balance reconciliation, as well as the handling of dividends and voting rights.
The fact is that the narrative is expanding, but execution still depends on approvals. If it can truly be implemented later, the breadth of tradable assets on the platform and the credibility of institutional partnerships would both be elevated. From an observation standpoint, one scenario is that ONDO and the RWA narrative continue to be amplified by the market; another is that progress is slower than expected and short-term enthusiasm cools off first. Would you rather watch “implementation progress” or “trading volume taking the baton”?
Source: PANews
#ONDO
Figure 1: Ondo plans to connect Korean stock tokenization · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0ebdf-e98f-7334-bc35-74566929203d
PANews, citing a report by The Block, says Ondo Finance has signed an MOU with KakaoPay Securities, planning to study how to connect Korea’s listed stocks to a global tokenized stock distribution network. The direction includes original share custody, issuance and redemption, balance reconciliation, as well as the handling of dividends and voting rights.
The fact is that the narrative is expanding, but execution still depends on approvals. If it can truly be implemented later, the breadth of tradable assets on the platform and the credibility of institutional partnerships would both be elevated. From an observation standpoint, one scenario is that ONDO and the RWA narrative continue to be amplified by the market; another is that progress is slower than expected and short-term enthusiasm cools off first. Would you rather watch “implementation progress” or “trading volume taking the baton”?
Source: PANews
#ONDO
Figure 1: Ondo plans to connect Korean stock tokenization · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0ebdf-e98f-7334-bc35-74566929203d
