South Korea Unveils Tokenization Roadmap with Stablecoin-Linked Settlement

South Korea is set to introduce tokenization of broader securities in February 2027 under a phased regulatory framework. The roadmap, introduced by the country's Financial Services Commission, will expand from selected products toward public securities, with stablecoin-linked settlement planned for the final phase.

The three-phase digital securities roadmap begins with the first stage in February 2027, covering selected securities and public fractional products. This includes money-market funds and bonds entering tokenization for institutional markets, as well as unlisted stocks tokenized through established trust structures.

The second phase will widen tokenization across publicly offered securities in stages, moving beyond selected products toward broader regulated market participation nationwide over time. However, later implementation remains flexible under the published regulatory roadmap at present.

On-chain settlement becomes the longer-term target, targeting on-chain payment infrastructure linked with stablecoins to connect tokenized securities with digital settlement mechanisms directly across markets over time.