BlockBeats report, June 24: The Korea Financial Services Commission (FSC) announced that it will include tokenized securities infrastructure in its capital market modernization reform plan. Related reforms also include shortening securities settlement cycles, extending trading hours, and expanding the application of artificial intelligence technologies.
The FSC stated that a review meeting for capital market infrastructure has been initiated to coordinate government departments and market institutions in advancing reforms. Issues related to tokenized securities will continue to be discussed separately through the Public-Private Cooperation Committee and will later be integrated into the overall capital market reform framework.
According to the plan, South Korea will unveil a roadmap to shorten securities settlement cycles by October this year and aims to launch, by the end of 2026, a settlement system for over-the-counter trades of non-listed stocks and fractional investment products through the Korea Securities Depository (KSD).
In January of this year, the South Korean National Assembly passed amendments to relevant legislation, officially recognizing blockchain distributed ledgers as legitimate securities registration systems and permitting the issuance and trading of tokenized securities. The FSC stated that the system is expected to officially take effect in February 2027, following the completion of supporting regulations and infrastructure.
In terms of infrastructure development, Samsung SDS secured a contract with Korea’s securities depository in May this year to build a tokenized securities management platform that connects the existing electronic securities account system with blockchain data, with a target launch date of February 2027.
Kwon Dae-young, Vice Chair of the Financial Services Commission of South Korea, stated that future capital market reforms will advance toward four key goals—market trust, shareholder protection, financial innovation, and market access—to create an integrated, real-time, continuously open, and highly digitalized financial market.