KB证券携手Securitize与Optimism，推动韩国代币化基金发展

KB证券与Securitize及Optimism基金会签署三方协议，为韩国机构投资者开发代币化基金

KB证券已与Securitize和Optimism基金会签署了一份三方协议，旨在为韩国机构投资者开发代币化基金，首批计划推出的产品将是基于OP Mainnet网络的货币市场基金。

核心摘要

• 首个计划推出的产品是面向机构客户的代币化货币市场基金。
• 基于KB资产管理策略的基金也在规划路线图中。
• 随着当地监管规则的完善，股票、公司债券和韩国政府债券等资产类别有望随后推出。
• 由于Securitize在纽约证券交易所上市，美国投资者可通过其股票间接参与该代币化公司的业务。

根据9月23日发布的公告，KB证券表示，这份谅解备忘录涵盖了在韩国开发和分销代币化证券的计划。在该拟议安排下，KB证券将提供其机构客户基础以及证券发行和分销经验；Securitize将提供代币化基础设施；而Optimism则提供区块链技术支持。

各方计划首先推出面向机构客户的货币市场基金。KB证券还打算开发一款基于KB资产管理旗舰策略之一的代币化基金，尽管公告未指明具体策略名称或任一产品的发布日期。据悉，该货币市场基金计划部署于OP Mainnet，即Optimism网络，这也是为首个产品选定的区块链网络。

需要指出的是，这份谅解备忘录仅规定了各方的合作意向，并非正式的产品发布。KB证券表示，后续阶段可能包括代币化股票和美国存托凭证（ADR）、公司债券以及韩国政府债券，前提是符合国家的法规要求。此外，公司还在探索是否可以向韩国的机构投资者提供全球资产管理公司现有的代币化基金。

先推基金，后推股票与债券

初期专注于基金的策略，使拟议产品与韩国代币化证券框架的第一阶段紧密契合。此前报道指出，韩国金融服务委员会（FSC）制定的三阶段代币化路线图显示，当修订后的证券规则于2027年2月4日生效时，符合条件的产品将包括精选的私人集合货币市场基金和机构债券。后续阶段会将框架扩展至公开发行证券，并将证券结算与基于稳定币的支付系统连接起来。

The FSC said existing licensed financial institutions will handle tokenized securities within the scope of their licenses. At the same time, the country also plans to amend relevant rules under the Capital Market Law and the Electronic Registration Law. For KB Securities, the progress and scope of these efforts are critical as the company moves from a planned fund business to a public offering of stocks and other financial instruments.

Kang Jin-doo, CEO of KB Securities, said that the agreement will integrate the professional capabilities of all parties to jointly serve domestic institutional investors. He said KB Securities will continue to pay close attention to regulatory and market developments and work with global partners.

In addition to KB Securities, other South Korean securities firms are also deploying at different links of the trading chain. On September 21, Eugene Investment & Securities reached an agreement with BEATOZ to test stablecoin settlement. The test aims to verify whether subscription, payment and settlement of tokenized securities can be carried out through an interconnected blockchain system. Eugene established a tokenized securities platform in 2024 and participated in the pilot project of the Korea Securities Depository in 2025.

OP Mainnet will host its first product

For Optimism, this agreement allows OP Mainnet to be used in planned institutional securities products rather than in general blockchain experiments. The announcement clearly designated the network as the carrier of the first money market fund, while details such as technical design, issuance structure and release timing will be announced in the future.

Jing Wang, CEO and co-founder of OP Labs, said KB Securities 'choice of OP Mainnet was an "early signal" that this model would work outside the U.S. dollar market. Her comments pointed to the focus of the South Korean market, although the announcement did not clarify the specific currency or asset target of the first fund.

Carlos Domingo, CEO of Securitize, said that parties are introducing tokenized infrastructure to South Korea's capital market. The proposed division of work will place Securitize as a bridge between KB Securities 'products and distribution operations and networks that use blockchain to record tokens.

KB Securities background is related to Securitize's U.S. stock market

KB Securities is part of KB Financial Group. According to company data included in the announcement, as of December 2025, its total assets reached 76.5 trillion won, and shareholders 'equity was 6.9 trillion won. Its business scope covers six countries, including the United States.

Securitize is already operating in the U.S. capital markets and traded on the New York Stock Exchange under the symbol "SECZ". In July, when its shares began trading on the New York Stock Exchange, Securitize tokenized its own common stock on the Solana and Avalanche chains. Securitize stated that these blockchain-based tokens represent the same common stock with the same applicable laws and transfer restrictions, rather than a separate class of stock.

For U.S. investors,"SECZ" is already a public trading method of holding a stake in one of the parties to the South Korean agreement. The September 23 announcement did not provide revenue estimates, investment amounts or other financial terms for the proposed partnership, and therefore did not establish a measurable impact on Securitize's earnings.

The company also partnered with asset management companies in the United States to develop tokenized funds. Its platform supports BlackRock's BUIDL tokenized treasury bond fund. Securitize said that as of August 2026, its assets under management were approximately US$5 billion. In July this year, U.S. regulatory documents showed that South Korea's Hanwha Group built a 9.6% stake in the company through related entities and investment vehicles, making it the largest shareholder of Securitize at the time.

In addition to the two planned funds, KB Securities said that any move into tokenized stocks, depositary receipts or bonds will depend on the development of South Korea's securities framework. Another of its reviews of existing funds at Global Asset Management focused on distribution issues to institutional clients in South Korea rather than creating another fund under a three-party agreement.