The Financial Commission of Korea will announce token securities rules in July

According to Money Today, the Financial Commission of South Korea plans to release detailed rules for token securities in July, in preparation for implementation in February 2024. The rules will allow multiple similar underlying assets to be packaged and issued as fragmented investment securities, and establish a roadmap for tokenization of traditional securities. The annual investment limit for scattered investment securities platforms is 10 million to 20 million Korean won, and the limit for crowdfunding is 5 million Korean won per platform, totaling 10 million Korean won. The annual selling limit for non listed stocks on over-the-counter exchanges is 300 million Korean won, and for investment contract securities on over-the-counter exchanges is 40 million Korean won.