title: Haikive and LS Securities Sign MOU to Launch Renewable Energy-Based Token Securities Business

LS Securities announced on the 31st that it has signed a memorandum of understanding (MOU) with Hikive for the renewable energy-based token securities business.

LS Securities and Haikive are joining forces to drive the renewable energy transition with token securities.

LS Securities announced on the 31st that it has signed a memorandum of understanding (MOU) with Hikive (대표 이재범) for the renewable energy-based token securities business.

Haikive is a company that develops a platform for issuing and distributing token securities based on real assets such as ESG bonds, real estate, and equity securities.

The two companies will cooperate to build token securities infrastructure using blockchain technology and provide innovative financial products based on renewable energy.

In particular, it will jointly apply for the designation of token securities innovation financial services (financial regulation sandbox) based on the renewable energy business.

Through this, the plan is to allow the general public to invest in new and renewable energy projects and receive profits.

"If we launch an eco-friendly renewable energy-based token securities service, individuals will be able to safely invest in new and renewable energy businesses, and issuers will be able to easily raise funds needed for new and renewable energy businesses," said Haikive CEO Lee Jae-beom.

"This agreement is an important first step toward leading the eco-friendly energy transition. Token Securities will overcome the limitations of the existing financial system and introduce various new and renewable energy business models," said Oh Eung-jin, head of LS Securities' retail division.

LS Securities formed a dedicated STO personnel last year and is pushing ahead with the project in accordance with legislation and current regulatory guidelines.

Recently, it has been expanding the token securities business ecosystem and strengthening cooperation by participating in the token securities consultative group 'Project Pulse'.