The first phase of the plan focuses on providing legal recognition for tokenized bonds, unlisted stocks, fractional investment securities, and institutional money market funds. The second phase will extend this to all publicly offered securities, while the third phase aims to integrate on-chain payments using stablecoins.
The FSC intends to propose regulatory revisions by the end of September. To prepare for the launch, the regulator will collaborate with the Korea Securities Depository to build the necessary tokenization infrastructure.
