, South Korea
/Jet Dela Cruz from Unsplash

Kyobo Life, SBI Group form digital finance alliance

Both parties are looking into distributing security token offerings.

Korea’s Kyobo Life Insurance Group and Japan’s SBI Group have announced a partnership to enhance cooperation in digital finance and technology. 

Since 2022, the two companies have collaborated in venture capital and fintech, including a venture capital fund in Southeast Asia.

The partnership will facilitate the exchange of technological expertise and open new business opportunities in the digital space. 

This includes creating a domestic digital financial ecosystem in Korea and working with consortiums for Security Token Offering (STO) businesses. 

STOs, based on specific assets and using blockchain technology, improve transparency and access to traditional investment products.

Kyobo Life and SBI Group plan to jointly explore opportunities in issuing and distributing STOs and conduct joint research. 

Business synergies are also anticipated with Kyobo Securities, which operates Kyobo Life’s STO business. 

 

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

APAC emerges as leader in renewables insurance
RE is projected to account for 45% of global electricity generation by 2030.
Insurance
IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold
The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund (IFRC-DREF) has triggered its first-ever insurance payout after disaster relief demands exceeded its deductible threshold. 
Insurance