Npay Unlisted Prepares for Cross-Broker Trading, Partners With Korea Investment & Kiwoom

Npay Unlisted expanded its partnerships in line with the institutionalization of the OTC market for unlisted stocks. Its partners are Korea Investment & Securities and Kiwoom Securities.

Npay Unlisted announced on the 22nd that it had sequentially signed MOUs with Korea Investment & Securities and Kiwoom Securities to promote OTC trading of unlisted stocks. The partnership is intended to help revitalize the OTC market for unlisted stocks.

Through this cooperation, the three organizations will work together to protect investors. Improving access to information on unlisted companies and investors is also part of the collaboration's purpose.

Npay Unlisted is preparing to introduce a cross-trading system for trading unlisted stocks between users of different securities firms. It also identified integration of systems for cross-trading unlisted stocks between securities firms as a key preparation item.

At present, Npay Unlisted trading requires the seller and buyer to use accounts at the same securities firm. However, once the cross-trading system is introduced, users of different securities firms will be able to trade and settle unlisted stocks through links between each firm's systems.

In line with this, Kiwoom Securities plans to link its infrastructure so that Npay Unlisted can be used with existing Kiwoom Securities accounts after the system is built. As a result, customers will not need to open additional accounts at other securities firms.

Npay Unlisted's current partner securities firms are Samsung Securities and KB Securities. This time, it is expanding its partners to Korea Investment & Securities and Kiwoom Securities, and it plans to strengthen cooperation with existing partners Samsung Securities and KB Securities as well to lay the groundwork for cross-trading.

This partnership comes amid the institutionalization of the OTC market for unlisted stocks. The Financial Services Commission amended the Enforcement Decree of the Capital Markets Act in September 2025, and the revision included the introduction of separate investment brokerage licensing units and business standards for OTC trading venues for unlisted stocks. This is a measure to bring unlisted stock trading platforms, which had been operating under the regulatory sandbox, into the formal system.

Npay Unlisted is seeking approval to operate as an OTC brokerage firm in response to the regulatory changes. The company changed its name in April from 'Securities Plus Unlisted' to Npay Unlisted. At the time of the name change, the company announced plans to pursue approval for OTC brokerage operations within the year and to upgrade the platform.

At the same time, work is under way to build clearing and settlement infrastructure to support transactions between securities firms. The Korea Securities Depository is preparing a clearing and settlement system for OTC transactions of unlisted stocks and fractional investment products, with the system targeted to go live in December this year. Once the system is built, settlement for transactions between buyers and sellers using accounts at different securities firms will become possible.

Amid this trend, Lee Young-min, CEO of Npay Unlisted, said the company plans to expand cooperation with Korea Investment & Securities and Kiwoom Securities based on each firm's expertise and capabilities. He said the goal is to institutionalize and revitalize the OTC market for unlisted stocks through this effort. He also said the company aims to effectively connect investors with promising unlisted companies and contribute to building a healthy unlisted stock investment ecosystem.

Source: IT DAILY · Kim Byeong-ju
Original: https://www.itdaily.kr/news/articleView.html?idxno=241780

References

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