Victory Securities (8540.HK), a Hong Kong-listed company and Hong Kong brokerage, announced that it has officially received approval from the Hong Kong Securities and Futures Commission (SFC) to provide virtual asset trading and consulting services to retail investors. It is reported that this is the first time that Hong Kong has allowed traditional securities companies to open the door to virtual asset trading to retail investors.

According to Foresight News, Cathay Securities has announced that it has become the first brokerage in Taiwan to receive approval from the Financial Supervisory Commission (FSC) to launch a security token offering (STO) product. The firm plans to introduce the Sunshine Green Debt STO, aiming to raise TWD 30 million (approximately USD 1.07 million). Trading is expected to commence on December 12 on Cathay Securities' self-built STO trading platform. The Sunshine Green Debt STO will be the first of its kind in Taiwan, marking a significant milestone for the country's financial industry. The FSC's approval demonstrates its commitment to supporting the development of innovative financial products and services in the region. As the first brokerage to receive such approval, Cathay Securities is well-positioned to capitalize on the growing interest in STOs and digital assets.

Odaily Planet Daily News Shinhan Investment Securities, KB Securities and NH Investment Securities have signed a business agreement on "forming an alliance of security token companies". The above three companies have each developed systems for issuing security tokens, and plan to establish joint infrastructure and verify distributed ledgers, jointly respond to token securities policies and establish industry standards, and improve securities issuance and distribution services to achieve cost efficiency and Economies of scale. (News1)

Odaily Planet Daily News Hankook Investment & Securities, a subsidiary of Korea Financial Holding Company, has completed the construction of the industry’s first token securities (ST) issuance infrastructure. Korea Investment and Securities announced that the token securities consulting agency "Korea Investment ST Friends" has developed the infrastructure to implement the processes required for the issuance and clearing of token securities and has completed a pilot issuance. It is reported that token securities are digital securities issued using distributed ledger technology. The rights to physical assets such as real estate, ships, aircraft, and artwork can be securitized and converted into "security digital assets" to realize scattered investments. (Decenter)

Odaily Planet Daily News Three large securities companies, Shinhan Investment Securities, KB Securities and NH Investment Securities, have formed the "Token Securities (ST) Security Token Alliance" and began to jointly build infrastructure. A securities industry official said: "Since the token securities market has not yet opened, dominant infrastructure is more important than anything else. If a joint network composed of large companies with significant dominance in the securities industry is established, it is very likely to become a market standard."

Odaily Planet Daily News Ticketing solution Smartix announced that it will cooperate with SK Planet to launch an NFT ticketing platform. SK Planet and Smartix were respectively selected by the Ministry of Science and Technology ICT and the Korea Internet & Security Agency (KISA) as participating companies in the "2023 Blockchain Technology Leading Application Project". Open at the end of the month. The companies will also conduct NFT ticket pre-orders through the OK Cashbag app. Smartix said, "Our goal is to expand the platform so that the NFT ticket technology under development can be applied to other platforms besides OK Cashbag. We plan to expand operations to more channels." (Hankyung)

Cardano developer IOG has refuted the U.S. Securities and Exchange Commission’s (SEC) claim that ADA is a security, CoinDesk reported. IOG stated that “under no circumstances is ADA a security under U.S. securities laws” and that the SEC’s allegations contained “numerous factual inaccuracies.” The IOG stated that the allegations will have no impact on IOG’s operations, and believes that regulation through enforcement actions has not provided the necessary clarity or certainty that the blockchain industry and consumers deserve. Foresight News previously reported that on June 6, the US SEC claimed in a lawsuit against Coinbase that among the encrypted asset transactions provided by Coinbase, SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH and NEXO are securities.

According to the Korean media Money Today, Hana Securities has started to set up a consulting agency, and plans to issue gold and silver spot assets through securitization token issuance (STO) to facilitate transactions by ordinary investors. Hana Securities is a securities company of Hana Financial Group.

According to the Korea Herald report, Com2Verse, a metaverse subsidiary of South Korean game publisher Com2uS, has completed approximately US$3 million in financing, with SK Networks as the investor. SK Networks will set up a business zone on Com2Verse's metaverse platform to provide customers with various services. SK Networks is a comprehensive trading company under the SK Group.