DB Securities and the Optimism Foundation signed a Memorandum of Understanding in New York to develop Security Token Offering (STO) and Real-World Assets (RWA) infrastructure aimed at the Jeju region in South Korea.
The agreement was signed by Kyle Jenke, Chief Business Officer of Optimism, and Ju-shik Lee, head of the digital assets team at DB Securities, under the formal title of “Promotion of Jeju-Specific STO/RWA Businesses and the Discovery of Global Collaborative Business Models“.
The first joint initiative consists of tokenizing real-world assets linked to the Jeju economy: smart agriculture, livestock, and Korean intellectual property (K-IP). DB Securities builds and operates the platform; Optimism provides the underlying blockchain infrastructure through the OP Stack, its managed infrastructure product.
The choice of Optimism and the OP Stack is driven by the fact that it allows regulated institutions to operate their own infrastructure rather than sharing space on a third-party chain, settling on Ethereum while maintaining control over their roadmap and risk management.
The project will be deployed in phases over two years, aligned with the regulatory frameworks of Korean financial authorities. DB Securities estimates that the model will reduce initial capital expenditure and shorten time-to-launch by building on infrastructure already in production. This collaboration is the second leg of the two-pronged strategy the firm applies to replicate blockchain-based financial infrastructure models across different regions.
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