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Samsung SDS Builds South Korea's Blockchain Platform
Description
Samsung SDS secures a significant contract to develop South Koreas blockchain platform for the Korea Securities Depository, set to launch in February 2027. This system will manage tokenized securities, aligning with the nations new digital asset laws. The platform, based on an existing testbed, will integrate traditional electronic securities accounts with blockchain ledgers, streamlining token-based investment processes. South Korea is gearing up for this transition, with the Financial Services Commission amending key laws to recognize blockchain as a legitimate securities registry. A public-private group has been established to establish rules for tech infrastructure, issuance, circulation, and settlements. This move positions South Korea as a blockchain finance leader, merging traditional markets with innovative tokens for future global investing.
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