[Kakao Pay Securities Signs Agreements with Ondo Finance and Dinari to Explore Tokenization of Korean Stocks] Odaily Planet Daily reports that South Korea's Kakao Pay Securities has signed memorandums of understanding (MOUs) with Ondo Finance and Dinari to explore the tokenization of Korean-listed stocks, aiming to expand channels for overseas investors. According to the plan, Kakao Pay Securities will purchase and hold target stocks through integrated accounts for overseas investors and issue tokens based on these stocks for distribution abroad. The three parties plan to form a joint working group within this year to study aspects such as stock sourcing and custody, token issuance and redemption, reconciliation between stocks and tokens, as well as the representation of shareholder rights like dividends and voting. Kakao Pay Securities will collaborate with Ondo Finance to leverage its global distribution network and conduct proof-of-concept testing with Dinari to confirm technical feasibility. Commercialization and timelines have not yet been determined.