Mirae Asset Securities said on Thursday its U.S. unit will join the Depository Trust & Clearing Corporation's Tokenization Working Group.

DTCC is a key institution that is responsible for clearing, settlement and depository infrastructure in U.S. capital markets. It has recently been leading discussions with global financial firms on building tokenization-based securities market infrastructure and standardisation.

The working group includes major global financial institutions and key digital-asset market participants, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock, Citigroup, UBS and the New York Stock Exchange. Mirae Asset Securities' U.S. unit is the only affiliate of a South Korean financial company to take part in the working group.

Mirae Asset Securities' U.S. unit plans to discuss within the working group the operating structure of tokenised securities backed by real-world assets, including U.S. Treasuries and stocks. It will also exchange views with global financial institutions on key tasks, including investor protection frameworks and settlement and custody infrastructure.

A Mirae Asset Securities official said, "It is highly meaningful in that we are actively participating in discussions on forming digital-asset infrastructure and global standards within the U.S. regulated securities market." The official added, "We plan to continue strengthening our capabilities to respond to changes in next-generation financial markets in line with the 'Mirae Asset 3.0' strategy."