Kakaopay Securities teams with Dinari and Ondo on tokenizing Korean stocks
Kakaopay Securities signed separate deals with Dinari and Ondo Finance to explore tokenizing Korean-listed stocks for sale to investors outside South Korea.
Why it matters
The deals test whether a regulated Korean brokerage can push locally listed equities to foreign buyers through tokenized wrappers, a route that could widen access to Korean stocks and give Dinari and Ondo a second market beyond the 724 tokenized US stocks and ETFs Dinari already offers. Crypto.News puts South Korea's tokenized securities framework, which is due to take effect nationwide in February 2027, as the regulatory backdrop, and other outlets writing on the same day covered US regulators clearing tokenized stock trading, which shapes the rules such wrappers would run under. Nothing has been tokenized or sold yet, so the effect on any market remains untested.
Key facts
Kakaopay Securities announced separate agreements with Dinari and Ondo Finance on September 29 to explore tokenizing Korean-listed equities and distributing them to investors in international markets.
Reported by Cointelegraph
No Korean stock has been tokenized under the Kakaopay Securities and Dinari partnership.
Reported by Crypto.News
Dinari CEO Gabe Otte told Cointelegraph that no specific Korean-listed companies have been selected for the proof of concept and that there is no public timeline for commercial availability.
Reported by Cointelegraph
Dinari currently offers 724 tokenized US stocks and ETFs to eligible investors across multiple jurisdictions.
724 tokenized securitiesReported by Crypto.News
Under the Dinari model each token is backed one-to-one by the corresponding underlying security held through a custodial structure, which Dinari says preserves dividends and voting rights.
Reported by Crypto.News
The Dinari proof of concept would use locally listed Korean shares as underlying assets rather than tokens that only track their prices, according to Otte.
Reported by Cointelegraph
Kakaopay Securities and Dinari plan a joint task force this year to study the operational, technical and regulatory requirements for international distribution, including issuance and redemption processes.
Reported by Crypto.News
South Korea's tokenized securities framework is scheduled to begin taking effect nationwide in February 2027.
Reported by Crypto.News
What happened
Kakaopay Securities announced separate agreements with Dinari and Ondo Finance on September 29 covering how Korean-listed shares would be sourced, tokenized and distributed abroad. Under the Dinari agreement the two companies will run a proof of concept built on Dinari's dShares model, where each token is backed one-to-one by the underlying security held in a custodial structure, a design Dinari says keeps shareholder rights such as dividends and voting. Dinari CEO Gabe Otte told Cointelegraph that no Korean-listed companies have been picked for the proof of concept and that no commercial launch date has been set, and Cointelegraph reports the proposed tokens would be backed by the local shares themselves rather than instruments that only track prices. Crypto.News, citing Dinari's own announcement, says no Korean stock has been tokenized under the partnership and that a joint task force is planned this year to study issuance and redemption; that task force is not mentioned in Cointelegraph's account. Ondo's agreement, per Cointelegraph, starts with a framework for sourcing and custodying Korean-listed shares. South Korea's tokenized securities framework is scheduled to start applying nationwide in February 2027, which Crypto.News gives as the surrounding regulatory timeline.
How the story developed
- First report
First report by Crypto.News
Kakaopay could bring Korean stocks to U.S. investors
- Official statement
Dinari announces Kakaopay Securities framework with Dinari and Ondo Finance
The companies said they will develop a framework for sourcing underlying Korean equities, conduct a proof of concept for tokenization and study issuance and redemption requirements for international distribution.
- Independent corroboration
Independently corroborated by Cointelegraph
Kakaopay partners with Dinari, Ondo to explore tokenized Korean stocks
- Update
Kakaopay discloses separate agreements with Dinari and Ondo Finance
Coverage describes separate deals covering share sourcing, tokenization infrastructure and distribution outside South Korea, with the Ondo agreement starting on sourcing and custody.
- Official statement
Dinari CEO rules out a near-term commercial launch
Gabe Otte told Cointelegraph that no Korean-listed companies have been chosen and no public timeline for commercial availability has been set.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 29 Sept 2026, 10:40 UTC: Crypto.News — 1 independent source, 1 reports
- 29 Sept 2026, 19:49 UTC: Cointelegraph — 2 independent sources, 2 reports
- 29 Sept 2026, 19:56 UTC: Crypto News (CryptoNews.net) — 3 independent sources, 3 reports
- 29 Sept 2026, 20:30 UTC: NewsBTC — 4 independent sources, 4 reports
Affected entities
Also mentioned: USD Coin, XRP, Circle, Tesla, Nasdaq
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto.News Crypto media | Kakaopay could bring Korean stocks to U.S. investors | Original | |
| Cointelegraph Crypto media | Kakaopay partners with Dinari, Ondo to explore tokenized Korean stocks | Independent | |
| NewsBTC Crypto media | BTCS Prepares DeFi Business To Provide Liquidity For Tokenized Stocks | Independent | |
| Crypto News (CryptoNews.net) Aggregator | SEC’s Atkins Pushes for U.S. Stocks to Move On-Chain With Blockchain | Syndicated |
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