LS Securities and Highvibe Sign MOU for Token Securities Business Collaboration

LS Securities announced on the 31st that it signed a Memorandum of Understanding (MOU) with Highhive on the 27th of this month at its headquarters in Yeouido, Seoul, to collaborate on a token securities business based on renewable energy.

From the left, Oh Eung-jin, Head of Retail Business Division at LS Securities, and Lee Jae-beom, CEO of Highcave, are posing for a commemorative photo at the business agreement signing ceremony held on the 27th at the LS Securities headquarters in Yeouido, Seoul. Photo by LS Securities

Highhive is a company developing a platform for issuing and distributing token securities based on real assets such as ESG (Environmental, Social, and Governance) bonds, real estate, and equity securities.

Through this agreement, LS Securities and Highhive will cooperate to build a token securities infrastructure using blockchain technology and provide innovative financial products based on renewable energy.

The two companies plan to jointly apply for designation as an innovative financial service (financial regulatory sandbox) for token securities based on renewable energy projects. This aims to enable the general public to invest in renewable energy projects and receive profit distributions.

Jae-beom Lee, CEO of Highhive, said, "By launching a token securities service based on eco-friendly renewable energy, individuals will be able to invest safely in renewable energy projects, and issuers will be able to easily raise funds needed for renewable energy projects."

Eung-jin Oh, Head of Retail Business Division at LS Securities, stated, "This agreement is an important first step toward leading the transition to eco-friendly energy. Through token securities, we will overcome the limitations of the existing financial system and introduce various renewable energy business models."

Meanwhile, LS Securities formed a dedicated STO team last year and is advancing its business in accordance with legislation and current regulatory guidelines. Recently, it has been strengthening the token securities business ecosystem and collaboration by participating in the token securities council ‘Project Pulse.’