Mirae Asset Securities, South Korea's largest financial group with assets exceeding $500 billion, announced a strategic partnership with leading Ethereum scaling platform Polygon Labs.
Mirae Asset Securities and Polygon Labs Collaborate to Develop Tokenized Securities Network
The collaboration aims to promote tokenization in the financial sector and accelerate the adoption of Web3 technologies.
Polygon Labs will serve as technical advisor within the Mirae Asset Security Token Working Group. This collective effort is aimed at creating the necessary infrastructure for the issuance, exchange and distribution of tokenized securities.
In addition to Mirae Asset Securities, the group also includes leading institutions such as Linger Studio and Coin Plug.
Mirae operates independently of the security token consortium called Next Finance Initiative (NFI), which is a collaboration between Hana Financial and SK Telecom.
Ahn In-sung, head of digital assets division at Mirae Asset Securities, expressed his excitement about the partnership, saying, “Through technical cooperation with Polygon Labs, Mirae Asset Securities aims to establish global leadership in the field of tokenized securities.”
Sandeep Nailwal, Chief Executive Officer of Polygon Labs, predicts that Mirae's tokenization initiative will play a significant role in the adoption of Web3 technologies in the financial sector.
Nailwal also emphasized that Mirae's initiatives will contribute significantly to ensuring interoperability between South Korea's domestic financial systems and their foreign counterparts.
*This is not investment advice.
