Director-General of the Securities and Exchange Regulator of Cambodia (SERC) H.E. Sou Socheat, on 5 February, 2024, signed a memorandum of understanding (MoU) with KS Green Co, Ltd Co-CEOs Wook Lee and Sung Hoon Cho.

The MoU aims to provide consultation, knowledge, experience and technical skills in financial technology (fintech) to the SERC, especially those related to the Securities Token Offering (STO) and the Carbon Credit STO, including processes and trading systems, and the security of digital assets.

"We expect that by issuing various Carbon Credit STOs under the supervision of the SERC, we will be able to boost global investment and vitalise the Carbon Credit Ecosystem," said Sung Hoon Cho, Co-CEO of KS Green.

KS Green is applying its proposed financial products to the SERC’s Fintech Regulatory Sandbox and preparing to launch Cambodia's first STO exchange to lead the global STO market. 

Specialising in Carbon Credits, KS Green will mainly organise various types of Carbon Credit STOs on the exchange. In addition, real value assets such as stocks, bonds and real estate, as well as alternative assets including art, wine and boats, can be invested in and traded through the STO.

KS GREEN is collaborating with the Conference of Global Climate Action Forum 2024 (GCAF2024) – being co-organised by the Ministry of Environment and W-Foundation and heldin Phnom Penh on May 15-17 – to impact the global STO market. 

At GCAF2024, the future vision of Cambodia's government will be shared, and the Climate Action Alliance, Security Token Offering (STO) Alliance and Carbon Credit Alliance will be formed, as well as alliances in each field. 

After obtaining final approval from the SERC, KS GREEN plans to announce the world's first Carbon Credit specialised STO exchange at GCAF2024, where worldwide high-level leaders will gather to share and discuss climate innovation. 

The Forum will convene more than 800 global leaders in business and philanthropy, along with policymakers, to facilitate co-creation, collaboration and acceleration to unlock innovative solutions and drive impactful results.