KB Securities signs MOU with Korea East-West Power, Hikive

KB Securities Co. announced on Thursday that it had entered into a business agreement with Korea East-West Power Co. and Hikive to collaborate on a token securities business based on renewable energy assets.

Korea East-West Power is expanding its renewable energy business domestically and internationally and Hikive is a company that develops token securities and distribution platforms using tangible assets such as real estate.

Through this agreement, KB Securities will work with the other two companies to provide securitization services for assets related to renewable energy and look for further opportunities to collaborate on the token securities business.

When token securities services based on renewable energy are introduced, the company anticipates that individuals will be able to invest easily in renewable energy projects while issuers can raise the necessary funds for their renewable energy projects.

"We will start with our collaboration with Korea East-West Power, which has expertise in eco-friendly power plant projects, and continue to partner with various companies with diverse assets to innovate and lead the development of the token market," said Park Jung-rim, CEO of KB Securities.

Write to Sang Hoon Sung at uphoon@hankyung.com