Ethereum Institutional Backs South Korea's Tokenized Security Push
The nonprofit organization Ethereum Institutional has expressed support for South Korea's efforts to integrate tokenized security offerings (STOs) into its formal capital market framework.
In an exclusive interview with Yonhap News Agency, Matthew Dawson, the co-founder of Ethereum Institutional, said that his organization welcomes South Korea's push to build a robust infrastructure for tokenized assets.
This comes after South Korea's financial services commission (FSC) unveiled a three-step road map to expand STOs beyond fractional investment products into conventional securities, including stocks, bonds, and funds.
The FSC roadmap aims to start in early February with the tokenization of money market funds (MMFs) and bonds for institutions. Dawson said that his organization will support institutions deploying these assets, citing examples of major U.S. institutions such as BlackRock, J.P. Morgan, and Fidelity already operating on the Ethereum network.