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South Korean National Assembly Passes Tokenized Securities Institutionalization Act, Allowing Compliant Issuers to Directly Issue Tokenized Securities Using Blockchain
Summary: According to reports from Yonhap News Agency, the South Korean National Assembly today passed amendments to the Capital Market Act and the Electronic Registration of Stocks and Bonds Act, institutionalizing tokenized securities (STOs). The amendments introduce the issuer account management institution system, allowing issuers meeting certain conditions to utilize blockchain technology to directly issue tokenized ...
According to reports from Yonhap News Agency, the South Korean National Assembly today passed amendments to the Capital Market Act and the Electronic Registration of Stocks and Bonds Act, institutionalizing tokenized securities (STOs). The amendments introduce the issuer account management institution system, allowing issuers meeting certain conditions to utilize blockchain technology to directly issue tokenized securities, enhancing the security and utility of securities through blockchain technology, providing a legal basis for the issuance and circulation of new digital securities.
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Link: South Korean National Assembly Passes Tokenized Securities Institutionalization Act, Allowing Compliant Issuers to Directly Issue Tokenized Securities Using Blockchain [Copy]
