Hana Securities and Upbit Global Sign Virtual Asset Financial Cooperation MOU

TechFlow reported on September 14 that, according to Yonhap News Agency, Hana Securities and Upbit Global, responsible for Upbit's overseas operations, officially signed a Memorandum of Understanding (MOU) for business cooperation on September 11. The two companies will collaborate on areas including the development of virtual asset operational business models, the design of related products and services, and infrastructure construction. Both firms maintain operations in Singapore. Kang Sung-mo, Representative Director of Hana Securities, stated that the company is accelerating its digital asset initiatives. It will align with the institutionalization process for Security Token Offerings (STOs), build issuance platforms and other related infrastructure in phases, and actively prepare for the full launch of the STO market next year.