South Korea's FSC Proposes Expanding Tokenized Securities to Include Stocks and Bonds

The Financial Services Commission (FSC) of South Korea has announced a legislative amendment to institutionalize tokenized securities. The proposal aims to expand the scope of tokenization to include traditional securities such as stocks, bonds, and funds, alongside existing fractional investment securities. The amendment also outlines requirements for distributed ledger technology, mandating the participation of electronic registration institutions and at least two account management institutions, while prohibiting direct fees for electronic registration via distributed ledgers.