South Korea’s Financial Services Commission introduced a three-phase roadmap to develop infrastructure for tokenized securities, including stocks, bonds and funds. The country’s first tokenized securities framework will take effect on February 4, 2027, after an update to the Act on Electronic Registration of Stocks and Bonds. Phase one will provide legal recognition for institutional money market funds, bonds, unlisted stocks and fractional investment securities. Phase two would expand tokenization to all publicly offered securities, while phase three aims for onchain payments linked to stablecoins. The Ministry of Economy and Finance also announced in April a pilot project using tokenized deposits for government operational spending, with a full rollout set for the fourth quarter of 2026.
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