Koscom signed an MOU with NH Investment & Securities to build out STO infrastructure ahead of the revised Electronic Securities Act and Capital Markets Act taking effect in February 2027. NH joins Koscom's shared STO platform, which is designed to let multiple securities firms use common infrastructure rather than each building duplicate systems. Four areas of cooperation: validating systems and workflows on Koscom's shared platform, linking STO issuance and account management, identifying new digital asset and STO business models together, and coordinating response to regulatory and market changes as the framework develops. They'll also jointly explore tokenizing standard securities, bonds and equities, not just niche RWA categories, applying blockchain to existing issuance and distribution processes. NH recently stood up its own dedicated digital asset task force to prepare for this shift, which is now the vehicle driving its side of the Koscom partnership. Koscom's shared platform now has a fairly long list of participants: Kiwoom, Daishin, IBK, Yuanta, BNK, DB, iM, Meritz, Kyobo, Daol, and Woori, with NH now added. On the infrastructure side, Koscom already built STO issuance infrastructure with LG CNS, ran a total-quantity management testbed with Korea Securities Depository, and has been running stablecoin-based STO settlement PoCs, so this is one more securities firm plugging into an ecosystem that's already fairly developed on the plumbing side, well ahead of the legal framework actually taking effect.