DB Securities signed a memorandum of understanding with Optimism Foundation for Jeju region-specific security token offering (STO) and real-world asset (RWA) business collaboration. The MOU was signed at Optimism Foundation headquarters in New York on the 15th, with Kyle Jenke, Chief Business Officer of Optimism Foundation, and Lee Ju-sik, head of DB Securities' Digital Asset Business Team, in attendance. The partnership aims to develop a platform that tokenizes Jeju's smart farm and livestock assets, as well as K-content intellectual property (IP), as underlying assets for STO and RWA products. Optimism is an Ethereum Layer 2 network technology company that improves transaction speed and fee issues, currently adopted by Coinbase and Dunamu, the operator of Upbit.
DB Securities and Optimism Foundation Sign MOU in New York
DB Securities announced on the 15th that it signed an MOU with Optimism Foundation titled "MOU for Promoting Jeju Region-Specific STO/RWA Business and Discovering Global Collaboration Models." The signing ceremony took place at Optimism Foundation headquarters in New York. Kyle Jenke, Chief Business Officer of Optimism Foundation, and Lee Ju-sik, head of DB Securities' Digital Asset Business Team, attended the ceremony.
Platform to Tokenize Jeju Smart Farm and K-Content IP Assets
As their first collaborative project, the two parties will develop a platform that discovers Jeju region's smart farm and livestock assets, as well as K-content intellectual property (IP), as underlying assets and implements them in STO and RWA formats. The project is scheduled to proceed in stages over the next two years in accordance with domestic and international regulatory changes.
Optimism Foundation Provides Ethereum Layer 2 Technology
Optimism is a Layer 2 network technology company that improves the processing speed and fee issues of Ethereum infrastructure. Coinbase and Dunamu, the operator of Upbit, currently adopt Optimism technology.
DB Securities Expands Regional Blockchain Partnerships
DB Securities plans to expand its local government-based collaboration model through this agreement. Following previous collaboration with other local government-based global mainnets, DB Securities plans to strengthen its underwriting business in the STO underlying asset market by partnering with Optimism in Jeju. DB Securities secured the Busan City blockchain specialized cluster project domestically, and partnered with Nasdaq-listed K Wave Media (KWM) to build the Solana-based K-content IP STO platform "GAON" internationally.
Lee Ju-sik, team head, stated, "The agreement with Optimism is an opportunity to elevate the credibility and stability of domestic STO and RWA business to a world-class level. We will achieve clear business results by becoming an unrivaled institution in the domestic token securities underlying asset market through optimal technology integration in Jeju."
FAQ
What did DB Securities and Optimism Foundation sign on the 15th?
DB Securities and Optimism Foundation signed an MOU for Jeju region-specific STO and RWA business collaboration at Optimism Foundation headquarters in New York on the 15th. The agreement focuses on developing a platform that tokenizes Jeju's smart farm, livestock assets, and K-content IP as underlying assets.
What technology does Optimism Foundation provide?
Optimism Foundation provides Ethereum Layer 2 network technology that improves processing speed and fee issues of Ethereum infrastructure. Coinbase and Dunamu, the operator of Upbit, currently adopt Optimism technology.
What other blockchain partnerships has DB Securities established?
DB Securities secured the Busan City blockchain specialized cluster project domestically and partnered with Nasdaq-listed K Wave Media (KWM) to build the Solana-based K-content IP STO platform "GAON" internationally.
