South Korea's Financial Services Commission (FSC) released a three‑phase roadmap to build infrastructure for issuing tokenized securities such as stocks, bonds and funds. An amendment to the Act on Electronic Registration of Stocks and Bonds will take effect on Feb. 4, 2027, granting legal recognition to digitized securities.
Phase 1 will recognize tokenized securities for institutional money‑market funds, bonds, unlisted stocks and fractional investment securities. Phase 2 is designed to extend tokenization to all publicly offered securities, while Phase 3 targets on‑chain payments linked to stablecoins.
The roadmap is tied to the amended Capital Markets Act and Electronic Securities Act, which together form the country's first comprehensive tokenized‑securities framework slated for full implementation on Feb. 4, 2027. The FSC plans to propose revisions to subordinate regulations by the end of September and will set timelines for the second and third phases thereafter.
To prepare the infrastructure, the FSC will collaborate with the Korea Securities Depository (KSD). The regulator has been moving toward a formal framework for tokenized assets; in May it announced detailed tokenized‑securities rules to be incorporated into the capital‑markets regime in 2027. Earlier, the Ministry of Economy and Finance launched a pilot using tokenized deposits for government spending, with a full rollout expected in the fourth quarter of 2026.
