Korea Tests Stablecoin Settlement for Tokenized Securities
Eugene Investment & Securities has partnered with blockchain company BEATOZ to test stablecoin settlement for tokenized securities subscriptions. The proof of concept aims to integrate subscription, payment, and settlement processes within a single blockchain-based system.
The partnership comes as South Korea prepares to introduce its regulated tokenized securities framework from February 2027. Eugene Investment & Securities built its tokenized securities platform in 2024 and is participating in Hana Financial Group's won stablecoin consortium.
Eun Seok-hoon, head of Eugene Investment & Securities' AX innovation division, described the agreement as a 'first step' toward connecting tokenized securities and stablecoins. The companies will jointly review where stablecoins could be used across securities operations before deciding on potential infrastructure connections and subsequent cooperation based on the PoC results.