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South Korea's Blockchain-Based Tokenized Securities Framework
Description
South Koreas Financial Services Commission to unveil tokenized securities rules in July, aiming for a full blockchain framework by 2027. Guidelines will cover tokenizing stocks, bonds, and money market funds, and allow fractional products. The new Bank of Korea governor supports tokenized deposits, and the finance ministry approved a pilot for government spending. South Korea plans to launch its first official space for tokenized securities on distributed ledgers.
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