Eugene Investment & Securities announced on September 21 that it has signed a memorandum of understanding (MOU) with blockchain firm Bitose to validate a structure for settling token securities subscription payments using stablecoins.
Through this agreement, the two companies will jointly explore the applicability and scope of stablecoins in securities operations, conduct a proof of concept (PoC) for stablecoin payments in token securities subscriptions, and pursue infrastructure integration and subsequent collaboration based on the validation results.
Eugene Investment & Securities plans to proactively seek ways to integrate stablecoins into the token securities sector by combining its accumulated expertise in securities operations and token securities infrastructure with Bitose's regulatory-friendly hybrid blockchain technology.
The primary focus for both companies is the 'proof of concept for token securities subscription payment.' Currently, while token securities are designed to record ownership and rights changes on-chain using distributed ledger technology, the actual subscription payments must go through existing bank account systems. This creates a dual structure where securities and payments move through different channels.
To overcome this limitation, the companies plan to validate a method that transitions the payment process to stablecoins, allowing the entire process from subscription to settlement to be handled as a single on-chain flow.
Eugene Investment & Securities AX Innovation Office Head Eun Seok-hoon stated, "This MOU is the first step toward an infrastructure that integrates token securities and stablecoins. We will utilize our previously developed token securities issuance platform to find solutions through proof of concept and joint research."
Lee Sang-guk, CEO of Bitose's Korean branch, remarked, "Token securities are designed to handle rights transfers on a distributed ledger, but the payment process remains tied to existing financial rails. Given that Bitose has built references for payment and settlement processes with our hybrid blockchain and the digital asset payment solution CPG (Crypto Payment Gateway) developed in collaboration with RingNet, we aim to create a similar flow in the capital markets through this partnership."
Meanwhile, Eugene Investment & Securities developed its token securities platform in 2024 and has been collaborating with various companies to establish a token securities business. In 2025, it participated in a token securities testing project led by a depository institution and is currently involved in a consortium for a won-based stablecoin with Hana Financial.
* This article has been translated by AI.
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