Search results for omnibus account
Crypto
KakaoPay Securities to push tokenisation and overseas distribution of Korean stocks
KakaoPay Securities is partnering with global real-world asset tokenisation firms to build a base for overseas distribution of Korean listed shares and to review stock tokenisation. It signed an MOU with U.S. tokenisation technology company Dinari for a proof of concept, and earlier agreed with Ondo Finance to build an overseas distribution system and jointly study tokenisation infrastructure. KakaoPay Securities will help source underlying listed shares via an omnibus account.
Telecommunications & Media
Woori Bank becomes first domestic bank to secure government bond trade via global payment network
Woori Bank said on Wednesday it completed a transaction to directly trade and settle Korean government bonds with an overseas financial institution using an international central securities depository (ICSD). It said it was the first case by a domestic bank to conclude an actual trade with a foreign investor since offshore settlement via ICSD was allowed for local financial institutions in January. The deal also linked foreign exchange transactions and derivatives.
Finance
Brokerages cut domestic branches and step up global push
South Korean brokerages are accelerating overseas expansion as mobile trading prompts further streamlining of domestic branches. As of end-2025, 16 firms operated 93 overseas outlets, up by 13 from a year earlier, while overseas subsidiaries’ net profit rose 67.8 percent. Domestic branches at the top 10 brokerages slipped to 438 as of March 31. Firms are widening foreign omnibus account services and building networks across the United States, Hong Kong, Southeast Asia and India.
