Digital asset management model development

Product, service design and joint investment

Jung Young-kyun (left), head of Hana Securities' IB group, and Kim Guk-hyun, chief executive of Upbit Global, pose for a photo at the MOU signing ceremony for business cooperation in digital assets and finance on Friday. [Hana Securities]
Jung Young-kyun (left), head of Hana Securities' IB group, and Kim Guk-hyun, chief executive of Upbit Global, pose for a photo at the MOU signing ceremony for business cooperation in digital assets and finance on Friday. [Hana Securities]

Hana Securities signed a memorandum of understanding with Upbit Global on Friday at its headquarters in Yeouido, Seoul, to cooperate on digital asset and financial businesses, the company announced Monday.

Upbit Global is a Singapore-based holding company that oversees Upbit's overseas digital asset operations. Through the agreement, the two companies plan to combine their respective capabilities in finance, asset management, digital asset technology and global networks to identify new business opportunities.

Key areas of cooperation include developing digital asset management business models, designing and launching digital asset-related products and services, building digital asset-related infrastructure and systems, and making joint investments in digital asset businesses.

Hana Securities operates a Singapore-based asset management firm, Hana Asset Management Asia, while Upbit Global runs its overseas digital asset business out of Singapore. The two companies plan to leverage their respective local business foundations and networks to explore a range of cooperation opportunities centered on Singapore in a phased approach.

Beyond the key cooperation areas, the two sides will continue to identify opportunities within the scope of their overseas networks and existing licenses.

Kang Sung-mook, chief executive of Hana Securities, said the company is accelerating its digital asset business to build an early foundation for issuing and trading traditional financial products — such as shares, bonds and funds — in tokenized form. "We will continue to build related infrastructure, including an issuance platform, in step with the pace of STO systemization, and actively prepare for the full-scale launch of the STO market next year," he said.

Kim Guk-hyun, chief executive of Upbit Global, said the agreement would serve as an opportunity to explore new areas of cooperation grounded in expertise in both traditional finance and digital assets. "We will draw on Upbit Global's technology and overseas business experience to identify practical avenues for collaboration and contribute to building a trustworthy digital asset financial ecosystem," he said.

Hana Securities has also been pursuing a range of initiatives to improve customer convenience. Earlier this month, it officially launched Hana Securities V, a new MTS that enhances investment information services using AI and data technology.


jiyun@heraldcorp.com