South Korea Sets Stage for Blockchain-Based Securities Market
South Korea's Financial Services Commission (FSC) has published operating rules for bringing conventional securities onto blockchain infrastructure. The framework, which will take effect on February 4, 2027, is designed to bring stocks and bonds online.
The first phase of the tokenization push covers selected funds, bonds, unlisted stocks, and fractional securities. Institutional money-market funds and bonds can begin testing the infrastructure without immediately moving the country's entire public equities market onto distributed ledgers.
Retail investors will face a ₩100 million annual net purchase limit per over-the-counter (OTC) exchange, with up to $70,000 available for each venue. The ceiling applies separately to each OTC exchange rather than as one aggregate limit across the entire tokenized-securities market.