The Financial Commission of South Korea promotes the pilot of tokenization of listed stocks and announces a three-stage roadmap

According to Digital Asset, the Financial Commission of Korea announced the promotion of the verification and pilot of the tokenization model for listed stocks, with the Korean Exchange (KRX) as the center. Non listed stocks will be tokenized through trust. The Financial Commission of Korea has released a three-stage roadmap for asset tokenization: the first phase will be launched in February 2027 when the Token Securities Act is implemented, targeting private money market funds, private corporate bonds, and unlisted stocks; The scope of the second stage is expanded to public fundraising; In the third stage, after the legislation of stablecoins, we will promote on chain settlement where both securities and settlement methods are completed on the blockchain.