South Korea Unveils Three-Phase Roadmap for Tokenized Securities
South Korea's Financial Services Commission (FSC) has outlined a roadmap for developing infrastructure to support tokenized securities issuance. The three-phase plan will bring digitized forms of securities, including stocks, bonds, and funds, under the country's capital markets framework.
The first phase, set to begin on February 4, 2027, will grant legal recognition to tokenized securities for institutional money market funds, bonds, unlisted stocks, and fractional investment securities. The second phase will expand tokenization to all publicly offered securities, while the third phase aims to link stablecoins with on-chain payments.
The roadmap is part of the country's efforts to implement a regulatory framework for tokenized assets, which includes an amended Capital Markets Act and Electronic Securities Act. Before initiating the roadmap, the FSC plans to work with the Korea Securities Depository (KSD) to develop relevant tokenization infrastructure.