South Korea’s Financial Services Commission (FSC) has finalized the timeline for tokenized securities: tokenized stocks, bonds, and funds will begin trading in South Korea on February 4, 2027, with the public comment period closing today (November 11). Kim Hyung-nyeon, vice chairman of Upbit operator Dunamu, said tokenized versions of Korean stocks such as Samsung Electronics and SK hynix can currently only be traded on overseas platforms, calling the situation “heartbreaking.” Meanwhile, South Korea’s Financial Supervisory Service said that, while passage of the Digital Asset Basic Act remains stalled, won-denominated stablecoins will initially be regulated under existing electronic payment laws. Ruling party lawmaker Min Byung-deok has pledged a vote on the bill by January 18 next year. (Source: Cryptopolitan, November 10)
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