SK Securities Signs Agreement to Establish Blockchain-Based Real Estate Securitization System

Promotion of Real Estate Securitization System Construction Using Blockchain Mirroring Method

Digital Real Estate Securitization System Establishment Business Agreement Ceremony. (From left) SK Securities President Kim Shin, Funble CEO Jo Chansik.

[Asia Economy Reporter Minji Lee] SK Securities announced on the 12th that it has signed a business agreement with real estate fractional investment platform company Funble and has begun full-scale construction of a blockchain-based real estate digital securitization system. With this service, customers can now trade 'blockchain-based digital tokens (DABS)' on the Funble platform.

SK Securities, together with the Korea Securities Depository, will participate in the entire system process from real estate securitization to custody, distribution, and settlement. When the trust beneficiary certificates matched 1:1 with the DABS invested by customers are electronically registered with the Korea Securities Depository, SK Securities reflects DABS transactions in customers' accounts in real time.

Existing digital asset investment platforms have improved customer investment convenience but have received criticism regarding investor protection. This system complements existing services and is a Korean-style STO (Security Token Offering) tailored for institutional adoption.

Kim Shin, CEO of SK Securities, stated, “Digital assets are one of the core keywords of SK Securities Biz, and we will actively collaborate with various companies to secure a leading position in the digital asset market within the institutional framework.”

Meanwhile, SK Securities has accelerated new business discovery by expanding and newly establishing the Digital Division, including the Digital Business Headquarters, through organizational restructuring in 2022, and appointing a Chief Digital Officer (CDO). Funble, the partner company in the agreement, was designated as an innovative financial service for its real estate beneficiary certificate trading platform in May last year and is scheduled to launch in April this year.