BlockBeats report: On May 15, the Korean Financial Services Commission announced at the second public-private joint "Token Securities Agreement" meeting that it will release revised subordinate regulations and guidelines related to token securities in July this year. The token securities regime will be officially implemented in February next year.
The Financial Services Commission of Korea plans to allow the issuance of investment securities backed by bundles of multiple similar assets, moving beyond the current restriction that limits issuance to single assets (such as specific real estate). In the future, asset pool products such as “a portfolio of 10 Seoul office buildings” are expected to be approved. The Commission emphasized that it will proceed with this initiative while maintaining market order and protecting investors, rather than adopting purely restrictive regulation.
Meanwhile, authorities will draw on overseas examples to develop a phased roadmap for tokenizing existing standardized securities such as stocks, bonds, and money market funds (MMFs). Currently, tokenized issuances of Hong Kong green government bonds and U.S. MMFs have already been implemented, and both the NYSE and Nasdaq are preparing to launch pilot programs for tokenized stock trading.
Regarding over-the-counter trading, the annual investment limit for the fractional investment issuance platform is currently between 10 million and 20 million KRW, while the annual total sales limit for over-the-counter trading of unlisted stocks is 300 million KRW. The government plans to set limits that support increased liquidity in the early-stage market, while systematizing investor protection.