The Financial Commission of South Korea has unveiled a three-phase strategy for the tokenization of securities. Starting in February 2027, the government will permit the issuance of tokenized private money market funds, corporate bonds, and certain over-the-counter stocks, with plans to later expand this infrastructure to public securities.
In the final phase, regulators aim to implement on-chain settlements, which will include the use of stablecoins. Existing brokers will not require a separate license to handle tokenized securities, while retail investors will face a limit of 100 million won per year for net purchases on OTC platforms.