Kim Hyung-nyeon, vice chairman of Dunamu, the parent company of Upbit, said the company has completed the technical preparations for stock tokenization. Kim said Dunamu is ready to launch related services as soon as the regulatory framework allows. Min Byung-deok, a lawmaker from the Democratic Party of Korea, urged the National Assembly to pass the Digital Asset Basic Act during its current regular session, and no later than January 18 next year. However, Park Soo-min, a lawmaker from the People Power Party, warned against rushing the legislation and called for institutions and companies to be allowed to invest in crypto assets without restrictions.