Global tokenized stocks rise 273%, South Korea delays STO legislation

The global market capitalization of tokenized stocks reached 2.51 billion dollars as of Aug. 4, marking a 273.37% increase from 673.01 million dollars at the beginning of the year. In contrast, South Korea has not yet initiated legislative discussions on tokenized securities, falling behind the global market. Amendments to the Capital Markets Act and the Electronic Securities Act are scheduled for implementation in February next year, but current discussions by South Korean financial authorities focus solely on non-standard assets like real estate and art. There is no legislative framework for the tokenization of standard securities such as stocks and bonds, with no related bills introduced in the National Assembly to support 24-hour trading and distributed-ledger settlement.

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