Samsung SDS to build token-securities platform for KSD by 2027

Samsung SDS will build and operate a blockchain-based platform for the Korea Securities Depository (KSD) with a completion target of February 2027. The system will convert an existing technology testbed into a production platform that links KSD’s electronic securities accounts with a distributed ledger to support tokenized securities issuance and rights management.

Under the contract, Samsung SDS is responsible for developing the platform, running day-to-day operations, and providing stable services for market participants. Samsung SDS previously provided function-analysis consulting in 2024 and built the testbed platform in 2025 as part of the project’s earlier phases.

Legal changes set the timetable for the platform. On Jan. 15, amendments to the Electronic Registration Act and the Financial Investment Services and Capital Markets Act were approved by the National Assembly. The amendments recognize blockchain-based distributed ledgers as valid securities registries and require token issuers to apply for electronic registration with KSD. The framework is scheduled to take effect on Feb. 4, 2027, after subordinate rules and supporting systems are completed.

The Financial Services Commission launched a public-private consultative body on March 4 to develop detailed rules and infrastructure for security tokens. The group will work on technology and infrastructure, issuance, circulation, and payment and settlement, areas that overlap with the KSD platform’s functions.

Technical work on the platform will include linking existing electronic accounts at KSD to distributed ledger records so ownership, transfers and related rights can be tracked on blockchain data while remaining consistent with statutory registration requirements. The project is intended to preserve the legal functions of a central securities depository while enabling token-based processing and recordkeeping.

Market participants and infrastructure providers will need to adapt operational and compliance procedures to a model that combines electronic registration with distributed ledger records. KSD plans for the platform to provide registry services, custody-like recordkeeping for tokenized instruments, and the operational connectivity required for issuance and post-issuance processes.