SK Securities Partners with Kasa Korea to Tokenize Real Estate

Asia Blockchain Review
September 15, 2019
SK Securities Partners with Kasa Korea to Tokenize Real Estate

SK Securities, a South Korean stockbroker and financial services provider, has announced its partnership with startup company Kasa Korea, developer of a blockchain platform for tokenizing real estate.

Investing in Real Estate with Blockchain

According to Ledger Insights, the two companies revealed that they will be jointly developing the ‘Digital Real Estate Beneficiary Distribution Platform’ service.

Prior to the partnership, Kasa Korea was developing a blockchain platform that can issue digital asset-backed securities (DABS) using real estate as collateral. The startup was also granted a special exemption from South Korea’s Financial Services Commission to carry out a trial offering real estate certificates to investors through its blockchain platform.

In a finance market, those looking to invest in real estate would most likely put their money into real estate investment trusts (REITs); however, blockchain technology has the potential to offer a more secure way to invest in real estate securities from anywhere in the world.

Providing an Alternative for Property Investment

Kasa Korea disclosed it will also retain custody of the physical property documentation as it issues digital certificates. Kasa said its blockchain platform serves to safeguard the authenticity of the certificates while also allowing for higher liquidity for real estate securities.

SK Securities said it is jointly working with Kasa Korea to offer its customers a linked account opening service. 

“We will provide valuable investment alternatives through collaboration with Kasa Korea, which is noted for its innovative services,” an official from SK Securities said in a statement.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Global Islamic FinTech 2020: A Digitalised Economy Growth To Look Out For
    If you are new in this sector, Asia Blockchain Review is ready to get you started on the whole missi...

    February 26, 2020

    Earn while You Sleep with Crypto Staking
    As the crypto-driven revolution continues to take the financial world by storm, the crypto sector ha...

    February 25, 2020

    pitchIN: Leading the Way for Crowdfunding in Malaysia
    When it comes to the crowdfunding space in SEA, a name which rings a bell with most industry players...

    February 18, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us