South Korea Legalizes Tokenized Securities, Boosting Blockchain Adoption
- The South Korean National Assembly has approved amendments to the Capital Market Act and Electronic Securities Act.
- These amendments allow for the issuance and trading of tokenized securities using blockchain technology.
- The new laws will take effect in January 2027, following presidential promulgation.
- South Korea’s tokenized securities market is projected to reach approximately $249 billion by the end of the decade.
- This legislative change follows a recent confirmation allowing corporate entities to trade digital assets after nearly nine years of restrictions.
The approval of these laws aims to integrate blockchain technology into existing financial systems, enhancing account management and smart contract usability in securities transactions.
With an anticipated market size of $249 billion, South Korea’s move towards tokenized securities marks a significant step in embracing digital asset innovation.(Source)
