Kakaopay Securities and Dinari Partner to Expand Global Access to Korean Equities

Collaboration will explore the application of Dinari's tokenization infrastructure to Korean-listed equities and establish a framework for their international distribution.

SEOUL, South Korea and SAN MATEO, Calif., Sept. 29, 2026 /PRNewswire/ -- Dinari Inc. (Dinari), a financial infrastructure company enabling the issuance, distribution and trading of tokenized equities, today announced a strategic partnership with Kakaopay Securities, a leading mobile-first securities firm in South Korea, to advance international access to Korean-listed equities, including in the United States, through tokenization.

Kakaopay Securities and Dinari will collaborate on a framework for sourcing underlying Korean-listed equities, conduct a proof of concept for their tokenization, and establish a joint task force to evaluate the operational, technical and regulatory requirements for potential international distribution.

The partnership will explore the application of Dinari's dShares™ model to Korean-listed equities. dShares™ use a custodial model in which each token is backed one-to-one by the corresponding underlying security and designed to preserve applicable shareholder rights, including dividends and voting. The companies will evaluate the technical and operational requirements for applying this model to Korean-listed equities as well as the framework for distribution through Dinari's network of partners in the United States and international markets.

The partnership is intended to explore an additional channel for Korean public companies to reach investors outside Korea. Today, international access to Korean equities remains limited, with only a subset of Korean companies accessible through depositary receipts listed on overseas exchanges. Tokenization could provide another means of connecting Korean-listed securities with international markets while preserving the relationship to the underlying shares.

"Through this partnership with Dinari, which has experience operating tokenized securities within the U.S. regulatory framework, we are working to develop a concrete framework for the international distribution of Korean equities," said Inyoung Chung, Executive Vice President of Kakaopay Securities. "Starting with the sourcing of Korean-listed equities and advancing through a proof of concept for equity tokenization, we will carefully assess the technical feasibility and help create new pathways connecting shares of leading Korean companies with a broader global market."

"Korea is home to some of the world's most important public companies, yet access to Korean equities remains limited for many investors outside the country," said Gabe Otte, CEO of Dinari. "Our partnership with Kakaopay Securities is an opportunity to explore infrastructure that can connect Korean public markets with a broader global investor base. By combining Kakaopay Securities' expertise in the Korean market with Dinari's tokenization and distribution infrastructure, we can evaluate a model for expanding international access to Korean equities."

Dinari has built tokenized equities infrastructure spanning issuance, distribution and trading. Through dShares™, Dinari provides access to 724 tokenized U.S. stocks and ETFs for eligible investors in the United States and more than 85 jurisdictions worldwide. dShares™ are designed to preserve shareholder rights and protections, including dividends, corporate actions and voting where applicable, alongside NBBO execution and redemption.

As part of the collaboration, Dinari and Kakaopay Securities plan to establish a joint task force later this year to further develop the operational framework and design of the proof of concept. The work will examine the issuance and redemption of tokens against underlying shares, reconciliation between tokenized and underlying securities, the treatment of applicable shareholder rights, and the infrastructure required for potential distribution through Dinari's network of partners.

About Dinari

Dinari is a financial infrastructure company enabling the issuance, distribution and trading of tokenized equities. Through dShares™, Dinari provides investors and financial institutions access to 724 tokenized U.S. stocks and ETFs through a custodial model designed to preserve the rights and protections of traditional securities. dShares™ are available to eligible investors in the United States and 85+ international jurisdictions. Dinari is an SEC-registered transfer agent.

About Kakaopay Securities

Kakaopay Securities is one of South Korea's leading mobile-first securities firms, committed to making investing more accessible and intuitive for everyone. Since its launch in February 2020, the company has lowered barriers to investing through everyday investment services, including fractional share trading and automated stock accumulation features. It has since evolved into a comprehensive wealth-building platform offering equities, funds, retirement savings products, and Individual Savings Accounts (ISAs). In July 2026, Kakaopay Securities obtained an investment trading business license, establishing a foundation for future business expansion. The company remains committed to making investing and wealth management more accessible, enabling more people to participate in capital markets and build wealth on their own terms.

Media Contact

Kayla Gill | VP of Marketing and Communications
kayla.gill@dinari.com