The government plans to build infrastructure to tokenize traditional securities in Seoul ahead of the system’s scheduled launch in February. The Financial Services Commission and the Financial Supervisory Service said the goal is to expand security token offerings beyond fractional investment products and lay groundwork for stablecoin payment infrastructure. The rollout will come in three phases, starting with privately placed money market funds, corporate bonds, unlisted stocks and publicly offered fractional investment securities.
Kwon Dae-young, left, vice chairman of the Financial Services Commission, speaks during a third-round meeting on security token offering system at the Korea Securities Depository headquarters in Seoul, Friday. Courtesy of Financial Services Commission
The government plans to build infrastructure to tokenize traditional securities such as stocks, bonds and funds, expanding security token offerings (STOs) beyond fractional investment products ahead of the system's scheduled launch in February.
The Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) unveiled the policy direction on Friday, with the ultimate goal of laying the groundwork for stablecoin payment infrastructure.
