South Korea’s Financial Services Commission has proposed detailed rules for issuing and trading tokenized securities, set to take effect in February 2027. Companies issuing tokenized securities while directly managing customer accounts will need at least 4 billion South Korean won, approximately $2.8 million, in equity capital. Retail investors will be capped at 100 million won, roughly $70,000, in annual net purchases per over-the-counter exchange. The regulations will allow stocks, bonds, funds and certain fractional securities to be issued in tokenized form. The public consultation period runs until November 11.
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