SK Securities, a branch of South Korea's largest telecommunication SK group, has partnered with a blockchain firm for a digital real estate beneficiary platform.

The securities operator has signed a business agreement with Kasa Korea, a Seoul-based startup developing a digital securities blockchain platform for thereal estate market, Korean news outlet Yonhap News stated on Sept. 4.

SK Securities and Kasa Korea in agreement to collaborate on a digital platform for distribution of real estate beneficiary securities. based on real estate securitized beneficiaries issued by real estate trust firms, Kasa Network’s digital property shares can permit investors to trade items of real estate, the report notes.

Kasa Korea is awaiting FSC approval

An official at SK Securities stated that the corporate can give valuable investment alternatives through cooperation with Kasa, that has been attracting additional attention as a startup functioning with emerging technologies.

In could 2019, South Korea's monetary Services Commission accepted Kasa Korea’s application to sell real estate certificates to investors through its blockchain platform.

Meanwhile, SK group has been an energetic player in blockchain-related initiatives. In mid-August SK Group’s company SK C&C disclosed plans for a donation platform supported a fork of XRP.

Earlier in July, SK group invested $10 million in major world blockchain firm ConsenSys, with chairman at SK Corporation claiming that traditional business approaches ought to be digitized.

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