Kakao has moved to block Kakao Mobility’s push to list American depositary receipts in the United States, objecting to a structure focused on liquidity for second-largest shareholder TPG’s existing stake. Kakao’s board said it opposed proceeding under the current plan after reviewing shareholder protection measures and the impact on Kakao and its common shareholders. Kakao also cited concerns over dual listing burdens, NAV discount expansion and potential conflicts of interest.

KB Securities will work with tokenisation platform Securitize and the Optimism Foundation, which operates Ethereum layer-2 network OP Mainnet, to pursue a token securities (STO) business for domestic institutional investors. The companies signed an MOU to jointly 추진 asset-backed token securities projects. KB Securities will handle product supply, Securitize will provide tokenisation infrastructure and Optimism will support the blockchain network. The firms plan to offer tokenised MMFs and funds, and later expand tokenised assets.