Naver Pay, Seoul Exchange to Enter South Korea's Unlisted-Stock Token Securities Market Simultaneously in February

Naver Pay and Seoul Exchange are moving to enter the token securities distribution market based on unlisted stocks, timed to coincide with token…

• Naver Pay and Seoul Exchange are preparing to enter South Korea's tokenized securities market for unlisted stocks in February, coinciding with new legislation.
• Both companies will leverage existing over-the-counter brokerage infrastructure to distribute tokenized equity securities to retail investors.
• The move aligns with South Korea's regulatory framework, which treats tokenized securities similarly to traditional financial products, focusing on the underlying rights rather than the issuance form.

Topics: Asset types, Legal regulatory, Institutional adoption, Alternative assets, Securities law classification, Asset manager initiatives

Tags: #naverpay #seoulexchange #tokensecurities #unlistedstocks #southkorea #stolegislation #retailinvestors #otcbrokerage #capitalmarketsact #financialservicescommission

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Hanwha Investment & Securities to run two-track token securities, RWA strategy for digital asset regulation

Hanwha Investment & Securities is accelerating its digital asset push after declaring in October last year it would become a specialist digital asset brokerage. It plans to expand investment and collaboration with digital asset firms while preparing for regulation by pursuing domestic token securities and overseas real-world asset (RWA) tokenisation. DA Platform team head Byung-chul Lee outlined building a platform linking product discovery, issuance and subscription, and wallet and custody, starting with issuance and underwriting.

• Hanwha Investment & Securities is accelerating its digital asset strategy by pursuing both domestic token securities and overseas RWA tokenization.
• The firm aims to build a comprehensive platform for product discovery, issuance, subscription, and custody, leveraging partnerships with specialized digital asset companies.
• While preparing for domestic regulations, Hanwha is prioritizing institutional-grade RWAs and exploring cross-border opportunities to enhance efficiency and expand investment options.

Topics: Institutional adoption, Infrastructure providers, Legal regulatory, Asset manager initiatives, Tokenization platforms, Securities law classification

Tags: #hanwhainvestmentsecurities #tokensecurities #realworldassets #rwa #digitalassetbrokerage #blockchain #cantonnetwork #securitize #institutionalinvestors #crossborderinvestment

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Local elections over, but digital asset framework act still unclear

Expectations are rising that talks on a basic law for digital assets will resume after South Korea’s June 3 local elections, but passage this year remains uncertain. Review depends on finalising the National Assembly’s second-half leadership and restructuring the political affairs committee. The government’s proposal is seen as a key variable and could revive disputes over exchange shareholder limits and won-based stablecoin issuance. Industry and regulators remain divided over priorities.

• South Korea's Digital Asset Framework Act faces an uncertain path to passage this year, with legislative momentum dependent on political restructuring and government proposals.
• Key disputes include exchange shareholder limits and the issuance of won-based stablecoins, with industry and regulators holding differing priorities.
• Despite domestic uncertainties, global regulatory overhauls and market infrastructure developments are pushing for the establishment of minimum market rules and investor protection in South Korea.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s

Tags: #digitalassetframeworkact #southkorea #stablecoin #tokensecurities #etfs #regulatoryuncertainty #nationalassembly #politicalaffairscommittee #exchangeshareholderlimits #marketinfrastructure

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