Odaily Planet Daily reports that Andrew Park, CEO of Factblock and organizer of Korea Blockchain Week, stated that the Korean crypto market is shifting from retail trading-driven activity to institutional digital finance. Global financial institutions and enterprises are now focusing on custody, tokenization, stablecoins, payment and settlement infrastructure, and regulatory compliance, rather than tokens, exchanges, and prices.
The Korea Financial Services Commission has proposed a framework to open corporate virtual asset accounts to approximately 3,500 listed companies and registered professional investors. The National Assembly of Korea has officially passed amendments to the Electronic Securities Act and the Capital Markets Act, bringing tokenized real-world assets and security tokens under a unified legal framework.
The Bank of Korea has completed the initial pilot of its Project Hangang real-world deposit token initiative and plans to conduct a second-phase institutional test by the end of 2026. The related technology experiments have used wholesale deposit tokens to enable AI agents to execute automated conditional transactions. (Bitcoin.com News)