Kasa
Kasa Korea Co., Ltd. is a Seoul-based fintech that enables individual and corporate investors to purchase fractional ownership of commercial real estate via Digital Asset-Backed Securities (DABS), with 10 buildings listed and industry-leading cumulative public offering volume in Korea.
- Company typePrivate
- Founded2018
- HeadquartersSeoul, South Korea
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What Kasa does
Kasa Korea Co., Ltd. is a Seoul-headquartered fintech operating a digital commercial real estate fractional investment platform. Founded in 2018 and led by CEO Hong Jae-geun (홍재근), the company enables individual and corporate investors to purchase fractional ownership of income-producing commercial properties — office towers, logistics centers, boutique hotels, and hanok stays — through Digital Asset-Backed Securities (DABS) registered electronically via the Korea Securities Depository and operated as an innovative financial services provider under Korea's Financial Innovation Act.
The platform's core technology stack centers on DABS issuance, a multi-party counter trading system for secondary-market liquidity (with a 0.22% transaction fee, VAT included), and a one-to-one counter trading facility accessed via email for institutional and corporate blocks. The consumer experience is delivered through a dedicated mobile application; corporate clients access a parallel web portal. Mandatory integration with Daishin Securities handles custody, settlement, and dividend distribution, while Korea Land Trust acts as the institutional trust manager holding on-title ownership and administering beneficiary rights. Kasa holds ISO/IEC 27001 and ISMS certifications (valid through November 2028), and the platform has launched 10 building offerings since November 2020, with eight fully sold and several already divested at returns ranging from 5.50% to 24.50% on a pre-tax cumulative basis.
Kasa monetizes through two streams: recurring property management and offering-related fees on issued buildings, and transactional fees on secondary-market DABS trading. Customer acquisition is primarily D2C and product-led, leveraging mobile-app subscriptions, referral programs, and promotional events. As of June 2026 the company holds industry-leading cumulative metrics — 555.9B+ KRW in public offerings, 660B+ KRW in sale proceeds, and 622.2B+ KRW in pre-tax dividends distributed — and has publicly stated plans to expand trading operations into Singapore, funded in part by a December 2021 capital raise of 19B KRW from six investors.
Kasa firmographics
Firmographics- Name
- Kasa
- Legal name
- Kasa Korea Co., Ltd.
- Website
- https://kasa.co.kr
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Kasa Korea Co., Ltd. is a Seoul-based fintech that enables individual and corporate investors to purchase fractional ownership of commercial real estate via Digital Asset-Backed Securities (DABS), with 10 buildings listed and industry-leading cumulative public offering volume in Korea.
- Ownership category
- akta.pro rank
Kasa industry classification
Industry- Product category
- Fractional Real Estate Investment Platform
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Offices of Real Estate Agents and Brokers (53121)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
- akta.pro secondary industry
- Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)
Keywords
Where Kasa is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
Kasa business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fee Revenue: Kasa charges 0.22% (VAT included) transaction fee on all DABS trades (both multi-party counter trading and one-to-one counter trading). This is the primary revenue stream from secondary market trading activity.
- Property Management Fees: Platform earns fees from managing the real estate portfolio including property selection, public offerings, tenant management, and dividend distribution services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | General investor annual limit: 20 million KRW |
| Subscription | Multi-year contract | Qualified income investor annual limit: 40 million KRW |
| Subscription | Multi-year contract | Professional investor: No limit |
| Transaction based/ take rate | Pay-as-you-go | Transaction fee: 0.22% per trade (VAT included) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Kasa product offering
Product offeringCore offering
Kasa is a Korean digital real estate investment platform that enables fractional ownership of income-generating commercial real estate through Digital Asset-Backed Securities (DABS). Individual investors participate in periodic public offerings (공모) for office buildings, hotels, logistics centers, and hanok properties via a mobile app, receive quarterly dividend payouts from rental income, and can trade DABS on a secondary market through multi-party and one-to-one counter trading mechanisms.
Product overview
Kasa operates as a digital commercial real estate investment platform offering fractional ownership through Digital Asset-Backed Securities (DABS). The platform's core offering consists of building-specific investment products, with each commercial property (hotels, office buildings, logistics centers, traditional Korean hanok properties) launched as a separate investment product with its own public offering, trading period, and dividend schedule. The Kasa mobile application serves as the primary access point, integrated with Daishin Securities for account management. The platform supports quarterly dividend distributions, secondary market trading through its DABS trading system (다자간상대매매), and dedicated corporate investment services. Users can track building performance, manage subscriptions during public offering periods, trade securities on the secondary market, and receive dividend payments—all within the app-based platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Kasa Mobile Application (카사 앱)
- Building Investment Products (부동산 조각투자)
- Corporate Investment Services (법인 투자)
Quantifiable outcome
- 14.76% cumulative return on 역삼 런던빌 (101.8B → 117B KRW sale)
- +5 more outcomes
Companies that use Kasa
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
Kasa technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature3 records
Kasa partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Daishin Financial Group (대신파이낸셜그룹)coreStrategic partnership where Daishin Financial Group provides financial infrastructure and trust services to Kasa. Customers' assets are securely held by Korea's top financial institution. This partnership enhances service reliability and regulatory credibility.
- Korea Land Trust (한국토지신탁)coreKorea's leading trust company by equity capital serves as the trust manager for Kasa's real estate properties. Responsible for digital securities (DABS) issuance, beneficiary rights management, property management, rental income execution, and serves as building owner on the property register.
- TagEun Logistics (태은물류)coreLong-term tenant of TE물류센터 property with 7-year lease until April 2027. Comprehensive logistics company owned by LS Group founder's family managing logistics for major brands.
- PCA Korea (Providence Christian Academy Korea)coreSingle long-term tenant of 역삼 런던빌 building. First global campus of US-based Providence Christian Academy with 30-year history. 5-year lease for entire building.
- Proudly (프라우들리)coreHanok stay specialist operating 북촌 월하재 with 5-year revenue-linked lease until 2029. Operating dozens of hanok stay properties with extensive industry experience.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Kasa competitors and assessment
Company assessmentDirect peers
- Fundrise: US-based fractional real estate investment platform enabling retail investors to invest in commercial and residential properties with low minimums. Direct peer in fractional CRE democratization model, though operating in US regulatory environment rather than Korean DABS framework.
- RealT: US-based tokenized real estate platform issuing fractional ownership of individual rental properties as blockchain tokens. Closest peer by technology model—both use digital securities for fractional CRE ownership—though RealT operates on Ethereum while Kasa uses Korea Securities Depository-registered DABS.
- Lofty: Tokenized US single-family rental investment platform offering fractional ownership with daily liquidity. Comparable fractional ownership and secondary trading mechanics, though focused on US single-family rather than Korean commercial real estate.
- CrowdStreet: US commercial real estate investment platform offering individual deal-by-deal CRE investment opportunities to accredited and institutional investors. Comparable deal-by-deal commercial property offering model, though serves higher-net-worth US investors rather than Korean retail mass market.
- Roofstock: US single-family rental investment marketplace with Roofstock One fractional ownership product. Comparable fractional CRE offering with focus on income-producing rental properties and structured property selection criteria.
- Yieldstreet: US alternative investment platform offering fractional ownership in real estate, marine, legal finance, and other alternatives. Comparable alternative asset fractionalization model with diversification across property types and income distribution mechanics.
Broad incumbents
- Toss: Korea's leading super-app fintech offering payments, banking, brokerage, and investment products. While broader than Kasa's CRE focus, Toss's investment and securities trading capabilities position it as a potential horizontal competitor expanding into asset-backed digital investment products.
- KB Securities: Major Korean securities firm providing brokerage, wealth management, and trading services. As a broad incumbent in Korean securities intermediation, KB could enter the STO/fractional real estate space leveraging its established regulatory infrastructure and retail brokerage base.
- Mirae Asset Securities: Korea's largest securities firm by retail market share with extensive brokerage and asset management operations. Established distribution infrastructure and brand recognition make it a potential competitor or acquirer in Korea's evolving STO and fractional investment market.
Emerging players
- Dunamu (Upbit): Operator of Upbit, Korea's largest crypto exchange, with growing interest in security tokens and tokenized real-world assets. Adjacent technology capabilities and existing Korean investor base position it as a credible entrant into the DABS/STO market if it pursues regulated real estate products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Kasa social profiles
Digital presenceKasa compliance and trust
Trust signalCompliance2 records
Kasa financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kasa leadership team
Management profileNumber of profiles
Profiles1 record
Kasa funding detail
Funding detailFunding overview
Funding rounds3 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kasa M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kasa
What does Kasa do?
Kasa is a Korean digital real estate investment platform that enables fractional ownership of income-generating commercial real estate through Digital Asset-Backed Securities (DABS). Individual investors participate in periodic public offerings (공모) for office buildings, hotels, logistics centers, and hanok properties via a mobile app, receive quarterly dividend payouts from rental income, and can trade DABS on a secondary market through multi-party and one-to-one counter trading mechanisms.
Is Kasa a public or private company?
Kasa is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kasa founded?
Kasa was founded in 2018. It employs 51 to 100 people.
Where is Kasa based?
Kasa is headquartered in Seoul, South Korea, in the Asia region.
How does Kasa make money?
Two revenue lines are on record. Transaction Fee Revenue is the primary driver. The others are property Management Fees.
Who are Kasa's main competitors?
Direct peers on record are Fundrise, RealT, Lofty, CrowdStreet, Roofstock and Yieldstreet. Broad incumbents are Toss, KB Securities and Mirae Asset Securities. Dunamu (Upbit) is listed as an emerging player.
Does Kasa have an API?
No public API is recorded for Kasa.
What industry is Kasa in?
Kasa's product category is Fractional Real Estate Investment Platform. Its primary akta.pro industry code is FSADAAAG, Crypto Custody & Exchange Wallet Services (Integrated), with a secondary code of FSADAFAA, Centralized Crypto Lending Platforms (CeFi). Its NAICS code is 5231 and its SIC code is 6211.