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.
3-step plan
The first stage revolves around the securities token law taking effect in February. South Korea would start the tokenization of private money-market funds and private corporate bonds for institutional investors.
