SBI Digital Markets (SBIDM) in Singapore has signed a Memorandum of Understanding (MoU) with Kyobo Securities for a Security Token Offering (STO). SBIDM is an indirect subsidiary of Japan's SBI Group, which is active in the tokenization space. Together, the two companies hope to leverage their ecosystems in Korea and global markets to explore real-world asset tokenization, particularly in Europe and Asia, where there is greater legal certainty.