South Korea Unveils Three-Stage Plan for Tokenized Securities
South Korea has announced a three-stage plan to bring its securities into a tokenized framework by 2027. The Financial Services Commission (FSC) outlined the roadmap after the third meeting of a consultative body on tokenized securities.
The rollout will begin with institutional investors, focusing on private money-market funds and privately placed corporate bonds in the first stage. These instruments will be brought into a tokenized framework once the new law takes effect on February 4, 2027.
Unlisted equities will also be included in the opening phase, but they will remain in their existing system. Investors will receive tokenized trust-beneficiary securities instead of moving the shares themselves.
The FSC plans to broaden the infrastructure to publicly offered securities in the second stage if the first phase is successful. The final stage will add onchain settlement, allowing tokenized securities to be settled using stablecoins.