The Financial Services Commission of South Korea has introduced a comprehensive regulatory framework for the issuance and circulation of tokenized securities. The proposed rules cover stocks, bonds, funds, and specific fractional investment assets, aiming to integrate distributed ledger technology into the national financial infrastructure.
Companies seeking to issue tokenized securities while managing customer accounts must maintain at least ₩4 billion, equivalent to $2.8 million, in equity capital. Additionally, these firms are required to employ dedicated staff for technology and compliance operations to ensure regulatory adherence.
The proposal includes the creation of a new over-the-counter exchange license specifically for debt securities. To manage risks, the regulator plans to limit retail investors to a maximum of ₩100 million, or $70,000, in annual net purchases per OTC exchange platform.
These measures follow a three-phase roadmap announced on September 4, 2026. The current proposal is open for public consultation until November 11, 2026. The final regulations are scheduled to take effect on February 4, 2027, officially recognizing distributed ledgers as valid infrastructure.
