Mirae Asset Securities, South Korea’s largest financial group with over $500 billion in assets, has announced its partnership with the Polygon platform to increase the tokenization of assets in the financial sector and promote the adoption of Web3 technologies.

Partnership Between Mirae and Polygon

Through its participation in the Security Token Working Group, Polygon Labs will serve as a technical consultant, working to establish the infrastructure for issuing, exchanging, and distributing tokenized securities on the blockchain.

Tokenization of Real Assets

Tokenization involves converting real-world assets such as real estate, bonds, fine art, and equities into digital tokens on the blockchain. This collaboration is part of the broader efforts to expand the adoption of Web3 technologies in the financial industry.