Securitize stock jumps 8% amid South Korea tokenization push
The LG CNS partnership gives Securitize a foothold as the Seoul prepares new rules for tokenized stocks, bonds and funds beginning in February 2027.
Securitize, a tokenization platform, experienced a significant 8% increase in its stock price following the announcement of a partnership with LG CNS, a South Korean technology company. This development comes as South Korea prepares to introduce new rules governing tokenized stocks, bonds, and funds beginning in February 2027. Securitize's shares surged to around $12.60 in early trading, outperforming many other crypto-linked stocks before later that morning.
The company, which began trading on the New York Stock Exchange in July after a merger with Cantor Equity Partners II, collaborated with LG CNS to develop tokenized assets and digital infrastructure for financial institutions in South Korea and the broader Asia-Pacific market. The partnership aims to explore tokenized funds, stocks, and stablecoins, as well as identify opportunities within the market.
South Korea's Financial Services Commission recently proposed rules for the issuance and circulation of tokenized securities, set to take effect in February 2027. LG CNS launched its own blockchain infrastructure platform on Tuesday to support banks and financial companies in handling stablecoins and tokenized securities.
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