South Korean asset management giant Mirae Asset Securities has partnered with Polygon Labs to advance tokenization and Web3 onboarding within traditional finance. Serving as a technical consultant for The Mirae Asset Security Token Working Group, Polygon Labs will build the infrastructure needed to issue and trade tokenized securities on Polygon – a layer 2 scaling solution for Ethereum. The consortium operates independently of Mirae Asset, comprising various entities including Linger Studio and Coin Plug. Hana Financial, and SK Telecom's Next Finance Initiative (NFI) which is focused on security tokens, are also operated separately.
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