Securitize stock jumps 8% amid South Korea tokenization push

Shares of tokenization platform Securitize rallied sharply on Tuesday after the company announced a partnership with South Korean technology company LG CNS as the country prepares to introduce a new framework for tokenized securities.Securitize (SECZ) rose nearly 8% in early Tuesday trading to around $12.60, outperforming most major crypto-linked stocks, before pulling back later in the morning. The company began trading on the New York Stock Exchange in July after completing its merger with special purpose acquisition company Cantor Equity Partners II.Securitize Corp (SECZ) stock. Source: Yahoo FinanceSecuritize and LG CNS signed a memorandum of understanding to develop tokenized assets and digital asset infrastructure for South Korean financial institutions. The companies said the partnership will explore tokenized funds, stocks and stablecoins, while also identifying opportunities across the broader Asia-Pacific market.The agreement comes as South Korea prepares to implement a new framework for tokenized securities. Last week, the country’s Financial Services Commission proposed rules governing the issuance and circulation of tokenized stocks, bonds, funds and other securities, ...