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The Korean Financial Services Commission will announce detailed rules for tokenized securities in July, planning to allow multi-asset packaging and issuance.
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On May 15, according to Money Today, the South Korean Financial Services Commission will announce detailed rules for tokenized securities in July, in preparation for implementation in February next year. The country's financial authorities will allow the issuance of fractional investment securities by bundling various underlying assets and will establish a roadmap for the tokenization of traditional securities such as stocks and bonds. The Financial Services Commission stated that it previously prohibited the issuance of fractional securities by bundling underlying assets, but now plans to allow the bundling of similar assets within a certain scope. The Financial Services Commission emphasized that market order and investor protection are fundamental prerequisites, but regulation will not be the primary focus. The annual investment limit for fractional investment security issuance platforms is 10 million to 20 million Korean won, and for crowdfunding, it is 5 million Korean won per issue, with a total of 10 million Korean won. The annual sales limit for over-the-counter exchanges for unlisted stocks is 300 million Korean won, and for over-the-counter exchanges for investment contract securities, it is 40 million Korean won.