Kyobo Securities commits to innovation, poised for Korea’s digital asset regulatory framework

Token X has launched the first tokenised offshore product in Thailand, broadening investor access to global niche assets under institutional-grade oversight

Singapore, 26 September 2025 – SBI Digital Markets (SBIDM) has successfully launched its first tranche of luxury wine structured notes in Korea and Thailand, with an exclusive selection of fine wines acquired directly from prestigious chateaus in Bordeaux and Burgundy, France, and Piedmont, Italy. The notes were fully subscribed in Korea by Kyobo Life Insurance and Kyobo Securities, marking a first in the country; and in Thailand by Token X, a subsidiary of Thailand’s financial conglomerate SCBX. In addition, Kyobo Life Insurance continues to strengthen its strategic partnership with SBI Group at the group level, jointly laying the foundation for the expansion of the digital asset ecosystem.

Structured by SBIDM and issued out of Guernsey, the notes were sold within a private placement in Switzerland, demonstrating cross-jurisdictional execution capabilities. Prior to maturity, the underlying wine bottles from five different chateaus have been professionally audited, insured and stored in a secure, bonded warehouse, ensuring institutional-grade custody standards.  

Token X has launched Thailand’s first tokenised offshore niche asset, offered exclusively to accredited investors. This milestone establishes a new asset class in the Thai market while broadening access to global niche assets under institutional-grade oversight.

Winston Quek, Chief Executive Officer of SBI Digital Markets, said: “This year, SBI Digital Markets has focused its efforts on driving commercial adoption of digital assets by architecting regulation-compliant frameworks and infrastructure to support the end-to-end flow of tokenised securities. Today’s successful launch proves that Asia’s institutional investors are ready to embrace tokenised alternatives when presented with proper regulatory structure and operational excellence. We have an ambitious pipeline of real-world asset products in development, and this successful launch serves as our foundation for expanding into intellectual property and other alternative asset classes.”

Chris Shin, Director of Global Strategic Partnership at Kyobo Life Insurance, said: “Kyobo Life Insurance has been strengthening its strategic partnership with SBI Group at the group level. This project represents an important milestone for Kyobo Group in securing global leadership in the digital asset sector and will serve as a catalyst for exploring broader collaboration and opportunities in Web3-based digital finance. In particular, Kyobo Life Insurance is exploring new customer services leveraging digital assets, enabling us to deliver innovative, customer-centric financial services while reinforcing the group’s future growth engine.”

Heejin Shin, Director and Head of New Business Development at Kyobo Securities, remarked: “As one of Korea’s leading securities firms, we recognise that tokenisation represents the future of alternative investments and portfolio diversification. We’re proud to be the first Korean securities firm to participate in a landmark project of this scale, positioning ourselves at the forefront of the digital transformation that will reshape our industry. This transaction validates our commitment to innovation and prepares us for Korea’s evolving digital asset regulatory landscape.”

Jittinun Chatsiharach, Chief Executive Officer of Token X, commented: “The successful execution of the project demonstrates Token X’s capability not only to digitise domestic assets within Thailand, but to orchestrate sophisticated cross-border tokenisation transactions with leading international partners. This milestone connects Thai investors to previously inaccessible global investment opportunities and establishes the foundation for expanding our tokenisation platform across diverse real asset classes.”

The innovative structuring and distribution of fine wines across multiple jurisdictions and in different formats represents the opportunity for the capitalisation of real-world assets through tokenisation – in turn increasing their liquidity, enabling fractional ownership and creating more efficient management and trading on-chain.

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About SBI Digital Markets (www.sbidm.com)

SBI Digital Markets is a subsidiary of SBI Digital Asset Holdings, the digital asset arm of Japan’s leading conglomerate SBI Group. With the largest securities account customer base and second-largest trading market in Japan, SBI Group has a global network across 26 countries and regions including key markets in Asia and Europe. SBI Digital Markets offers clients a comprehensive digitalisation framework from origination, tokenisation, and distribution to custodian services across traditional and Web 3 products.

About Kyobo Life Insurance (www.kyobo.com)

Since its founding in 1958, Kyobo Life Insurance has earned customer trust for more than 60 years in the life insurance industry, anchored in honesty and integrity. Kyobo Life, upholding its core values of tenacity and creativity, customer orientation, honesty, and integrity, has maintained an A+ (Stable) credit rating from Fitch for 13 consecutive years and an A1 (Stable) rating from Moody’s for 11 consecutive years. Going forward, Kyobo Life Insurance aims to grow as a leading financial company that delivers value beyond insurance and contributes to a better society in partnership with stakeholders.

About Kyobo Securities (www.iprovest.com)

Kyobo Securities is a subsidiary of Kyobo Life Insurance Group and is the first securities firm established in Korea in 1949. Leveraging the Group’s financial service businesses, Kyobo Securities provides distinguished financial services in brokerage, investment banking, sales and trading, and wealth management. Guided by the slogan of “Transformation and Innovation,” Kyobo Securities is committed to building a foundation for sustainable growth and driving new businesses including digital assets, climate financing, etc. to become the “Best Investment Partner” for customers.

About Token X (www.tokenx.finance)

Tokenization Success Partner. Token X, an approved ICO Portal under the supervision of the Thai SEC, provides ICO Portal services with a focus on Real World Asset tokenization and blockchain solutions enabling limitless possibilities. Token X is committed to providing ready-to-use solutions to jumpstart your journey into the Digital Asset world.