Kakao Pay Securities has partnered separately with Ondo Finance and Dinari to explore tokenizing Korea Exchange-listed shares for overseas distribution. The company is examining a framework for international circulation of Korean equities and jointly researching tokenization infrastructure that could support global distribution, while the Dinari partnership focuses on legal, technical and operational requirements, particularly for the U.S. market. Kakao Pay Securities plans to establish a joint task force within the year, but neither the commercial viability nor the timing of any product launch has been determined. No tokenized Korean shares are currently available for purchase under the initiative. The work takes place as South Korea prepares a legal framework recognizing security tokens as securities in digital form from Feb. 4, 2027, amid wider growth in tokenized equities and real-world assets.