KRX to Launch New Securities Market in November, Tokenized Securities Awaiting 2027 Regulations
08/22 21:05
The Korea Exchange (KRX) plans to launch a new securities market on November 16, where alternative assets such as artworks, real estate, and music copyrights can be traded through securities accounts in a manner similar to stocks. KRX will conduct a six-week simulation trading period from October 6 to November 13, with the actual opening date potentially adjusted based on the approval progress of listed products by financial regulators. After the market launch, investors will be able to buy and sell through brokerage accounts, with trading hours aligned with the Korean stock market. Initially, related products will be issued and registered in traditional electronic securities form; once the regulations for tokenized securities are expected to take effect in February 2027, STO products based on blockchain distributed ledgers are anticipated to gradually come to fruition.
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