South Korea FSC to unveil July roadmap for tokenized securities

South Korea’s Financial Services Commission will publish a package of detailed rules in July that lays out a roadmap to tokenize stocks, bonds and money market funds before a new capital markets framework takes effect on Feb. 4, 2027. Draft measures are expected to include timetables for tokenizing traditional securities, potential changes to over-the-counter trading limits and rules for pooled fractional investment products.

The FSC announced the July timetable at the second meeting of its public-private tokenized securities council, launched in March to design rules on issuance, trading, infrastructure and settlement. Kwon Dae-young, FSC vice chairman, told the council,

The goal is to make an announcement in July.

The July package is linked to amendments to the Capital Markets Act and the Electronic Securities Act that the government approved last year. Those laws will legally recognize blockchain ledgers as valid securities registries and place tokenized assets under the FSC’s jurisdiction for regulated issuance, distribution and trading.

Other agencies are preparing related projects. The Ministry of Economy and Finance has launched a pilot to use tokenized deposits for government operational spending, with a full rollout planned for the fourth quarter of 2026. Previously, BoK Governor backed tokenized deposits in public remarks, indicating coordination on experiments with distributed ledger technology.

FSC officials say the July rules will clarify how existing investor-protection and market supervision requirements apply to tokenized securities. Council discussions have covered settlement arrangements, custody, disclosure standards and technical interoperability so that blockchain-based instruments can be issued and traded within the same legal framework as conventional securities.

Market infrastructure firms and financial institutions planning to issue or trade tokenized assets are awaiting the July announcement for guidance on operational requirements, trading venues and any limits affecting over-the-counter transactions. The FSC has indicated the rules will address how blockchain ledgers will be integrated with existing clearing, settlement and custody systems.

The public-private council will continue meetings in the coming months to finalize technical guidelines and industry standards ahead of the 2027 implementation date.