South Korean Company Mirae Asset Securities Signed Partnership Agreement With Polygon Labs

Korean financial giant Mirae Asset Securities is partnering with Polygon Labs to support the growth of tokenized securities networks. This step is due to the fact that more institutions have taken initiatives in this segment. Polygon Labs will become a "technical consultant" to the Mirae Asset Security Token Working Group, the companies announced on Wednesday.

The consortium will focus on building the infrastructure for securities tokenized platforms, as well as the technology needed to issue and distribute tokenized securities. Ahn In-sung, head of Mirae's digital division, said in his statement that the company aims to establish "global leadership in the field of tokenized securities."

Polygon Labs Executive Chair Sandeep Nailwal believes that the development of tokenization will help accelerate the mass adoption of Web3 in financial institutions. Mirae's initiatives will help establish interoperability between South Korea's domestic financial systems and their foreign counterparts, he said.

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