South Korea's Financial Services Commission has announced a draft revision to lower-level regulations related to the institutionalization of token securities. According to Odaily, the proposal would expand the range of securities eligible for tokenization to include traditional assets such as stocks, bonds, and funds.

Under the revision, traditional securities could be tokenized in addition to fragmented investment securities, including non-monetary trust beneficiary securities and investment contract securities. The draft would also clarify distributed ledger requirements for electronic securities rules, requiring participants to include an electronic registration institution and at least two account management institutions, while banning direct fees for distributed ledger use for electronic registration purposes.