Stocks and bonds eligible for security token offering: regulator

The country's financial regulator, the Financial Services Commission, has announced that stocks, bonds, and funds will be eligible for security token offerings. This change is part of revised amendments to the Capital Market Act and Electronic Securities Act, which are set to take effect in February next year.

The amendments allow financial assets such as stocks and bonds to back tokenized digital securities. According to The Korea Times, legislative changes were announced on September 4.

Individual investors' annual net investment in the over-the-counter market will be capped at 100 million won, equivalent to $73,700. The market is set to be established later.

Brief written by urgent.news from The Korea Times, The Korea Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.