Korea Exchange Affiliate Koscom to Launch DLT Platform.

Must Read

Bitcoin Bull Rally Incoming? Market Price Keeping Below the Production Cost Ahead of Halving

Bitcoin is staying above its crucial level $9,000 for sometime now while experiencing some...

Trader shares the “Very Reason All Investors Should Hold some Bitcoin”

In 2020, the price of the leading asset had one of its worst one-day drops...

Bitcoin Sees an Influx of Retail Interest with Investors Doubling Down on HODLing

After tumbling down to below $6,500 yet again, Bitcoin went back above $7,000 in...
- Advertisement -BTCClicks.com Banner
Earn Free Bitcoin

South Korea’s state-backed financial IT firm Koscom will develop a blockchain-powered platform for trading unlisted securities.

Koscom to launch blockchain-based unlisted shares trading service in H2 2019

Launched by South Korea’s Ministry of Finance and primarily backed by the Korea Exchange, Koscom plans to launch its blockchain-based platform for unlisted securities in the second half of 2019, local newspaper The Chosun Ilbo reported on Aug. 6.

According to the report, the initiative six local companies and organizations are participating in the initiative, including Koscom, KEB Hana Bank, Hana Financial Investment, Daejeon Technopark, Amicus Lex, and a local association of accelerators. KEB Hana Bank and Hana Financial Investment are subsidiaries of Hana Financial Group, one of the largest bank holding companies in South Korea.

As said in the press release, the project intends to help small- and medium-sized venture companies expand their capabilities in securities trading by providing a cost-efficient, secure and accessible platform for trading unlisted securities.

The announcement follows Koscom’s approval to build services for trading unlisted securities in May 2019, the report notes.

Recently, Koscom and KEB Hana Bank were reported to be participating in another blockchain-enabled initiative. Alongside tech giant Samsung Electronics, Woori Bank, mobile carriers SK Telecom, KT and LG UPlus, the companies combined forces to launch a blockchain-based mobile identification system in 2020. Ethereum news and Bitcoin news are growing, while Ripple news are decreasing.

- Advertisement -
- Advertisement -

Latest News

Wyoming Amends Insurance Code to Allow Insurance Companies to Invest in Bitcoin & other Cryptos

In the first provision of its kind, Wyoming is allowing the domestic insurers to invest...
- Advertisement -Earn Free Bitcoin

Its’ Finally Here A 100% Local Non-Custodial P2P Cryptocurrency Marketplace.

Finfreeotc is soon launching a one of a kind peer to peer cryptocurrency market place. Their marketplace is 100% non-custodial,...

WorldMarkets continues with the success of its trading artificial intelligence

Today we live in the information age, and access to information is unlimited. And that produces the paradox of misinformation. That's why...

MyTvchain.com Records Growth for The First Blockchain ​​Web Tv Platform Dedicated to Sport Clubs And Athletes

Sophia Antipolis (France) and Singapore: The first web TV platform dedicated to sports clubs and athletes opened in...

Crypto-Broker Instacoins Receives Operating License in Estonia

Instacoins Estonia OÜ, a cryptocurrency brokerage, is pleased to announce it has received an operating license from the Estonian Financial Intelligence Unit (FIU). The...