South Korea Maps Out Tokenized Securities Roadmap for 2027
The Financial Services Commission (FSC) of South Korea has released a roadmap for tokenized securities, outlining a three-phase plan to integrate tokenization into the country's existing capital markets framework. The plan aims to provide legal recognition and infrastructure for tokenized securities by February 4, 2027.
Phase one will cover institutional money market funds, bonds, unlisted stocks, and fractional investment securities, with the FSC working closely with the Korea Securities Depository (KSD) to develop the necessary infrastructure. Phase two will broaden the scope to all publicly offered securities, while phase three will focus on on-chain settlement using stablecoins.
The roadmap is part of a broader regulatory effort in South Korea, which has been actively exploring tokenized assets and digital payment mechanisms. The FSC plans to propose revisions to relevant subordinate regulations by the end of September, which will determine the timeline for phases two and three.