South Korea’s National Assembly approved amendments legalizing tokenized securities during a plenary session this week in Seoul. The vote updates the Capital Markets Act and the Electronic Securities Act. Lawmakers acted to integrate blockchain-based securities into regulated markets, clarifying issuance, trading, and oversight under existing financial rules.
Under the amended laws, tokenized securities qualify as legal financial products. These include digital representations of stocks, bonds, funds, and investment contracts. The framework places issuance, trading, and custody under supervision by the Financial Services Commission and the Financial Supervisory Service.
The new framework expands access to non-standard investment contract securities. These include real estate projects, fine art, and livestock-linked assets. Previously, regulatory constraints limited distribution of such products.
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