Lucent Block (CEO Heo Se-young), which operates the real estate tokenized securities (STO) platform ‘Soyou’, announced on the 31st that it has signed a business agreement (MOU) with internet-only bank Kakao Bank (CEO Yoon Ho-young) to expand accessibility to the new securities market and build a safe infrastructure.
This agreement aims to foster healthy growth and enhance investor accessibility in the emerging securities market, including token securities. The two companies agreed to collaborate on: expanding public access to the emerging securities market; cooperating to build a secure trading infrastructure; and providing user information and educational content.
Since being designated as an innovative financial service by the Financial Services Commission in 2021, LucentBlock has been operating "Soyou," a real estate fragmented investment platform that combines blockchain and electronic securities infrastructure.
“This collaboration will be a significant opportunity to expand the new securities market to the general public,” said Heo Se-young, CEO of Lucent Block. “Leveraging Lucent Block’s technological prowess and experience, we will contribute to building a transparent and safe STO ecosystem.”
Song Ho-geun, head of Kakao Bank's Investment and New Business Group, said, "New securities are attracting attention as a new financial sector that will usher in the digital asset era," and added, "Kakao Bank will continue to collaborate in various ways to ensure that customers can easily and conveniently access digital assets."
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