Three South Korean securities firms, including Shinhan Investment Corp and KB Securities, will form a security token alliance and begin building a joint infrastructure

ChainCatcher news, according to Money Today, three major Korean securities firms, Shinhan Investment Corp, KB Securities, and NH Investment & Securities, will sign a business agreement at the end of this month to form a "Securities Token Alliance" and begin building a joint infrastructure.

After that, the three securities firms will detail the composition and operational plan of the alliance, reviewing various methods such as establishing joint ventures and multilateral contracts.