Quick Take
- South Korea’s top financial regulator has published its plans to tokenize “all types” of securities.
- South Korea ultimately aims to allow participants to settle tokenized securities with stablecoins.
South Korea's top financial regulator said on Friday that it will build a tokenization infrastructure that can be applied to "all types" of securities, including stocks, bonds, and funds.
The announcement followed the third meeting of a consultative body on tokenized securities that took place on the same day. South Korea has passed amendments that legally recognize blockchain-based securities, set to take effect on Feb. 4, 2027.
The Financial Services Commission said the government has established a three-step plan to establish the infrastructure.
...read more at theblock.co
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