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Financial sector \'digital asset alliance\' spreads as firms build infrastructure ahead of regulation

As debate continues in South Korea over regulating digital assets, financial firms are accelerating efforts to secure related infrastructure. Banks, securities firms and asset managers are moving beyond investment and cooperation with exchanges to widen ties with global blockchain foundations, real-world asset companies and token securities platforms. Industry participants are signing partnerships and making equity investments, while firms also examine stablecoin, tokenisation and distributed-ledger infrastructure as they prepare for competition after formal rules are set.