South Korea Expands Tokenization to Bond Funds—Don’t Rush to Buy Into the Trillion-Dollar Market

South Korea plans to include bond funds in tokenized securities. Morgan Stanley’s trillion-dollar forecast sounds enticing, but I have to pour some cold water on it: policy intent does not mean immediate liquidity 📉.

Critics keep pointing to Morgan Stanley’s long-term vision, acting as if a trillion-dollar market is just around the corner. But look at the on-chain data: over the past 30 days, stablecoin DEX trading volume on leading platforms rose by $12.2 billion (with $UNI accounting for $5.5 billion), while funds in tokenized stocks grew by $2.2 billion on Solana and $1.3 billion on Base. But these are all organic gains within crypto—and have absolutely nothing to do with traditional legislation in South Korea, which hasn’t even been approved yet 📊.

Next, we need to keep a close eye on three specific indicators: the legislative timetable set by South Korea’s Financial Services Commission, the whitelist of the first approved funds, and custody announcements showing that traditional finance giants are actually entering the market 🔍.

Don’t drool over the trillion-dollar pie in the distance. Until the policy documents are stamped with official approval, the chips in your pocket can’t withstand the repeated tugging of an empty promise ⚓️.

#韩国代币化证券拟扩至债券基金 $UNI