Monad Analyzes the Future of the South Korean Crypto Market by 2030

Monad's report notes that while South Korea's crypto market is among the largest globally by trading volume, its RWA tokenization sector is still in its infancy, with only about $450 million issued. The market is currently dominated by non-standard assets, though institutional interest is growing. Globally, tokenization is becoming a core financial infrastructure, supported by regulations like MiCA in Europe and various U.S. legislative efforts. Domestically, the Bank of Korea has completed the first phase of its CBDC project and is expanding pilot testing. While legislative progress on stablecoins remains ongoing, the industry is shifting toward institutional-led development.