South Korea FSC introduces policy roadmap for securities tokenization

South Korea’s Financial Services Commission has set out a policy roadmap for securities tokenization, outlining a staged approach that would expand the country’s existing tokenized securities framework beyond fractional investment products.
In its official press release, the FSC said the plan is designed to create a clearer legal and operational path for tokenized issuance and circulation of conventional securities, including stocks, bonds and funds, as the market develops in phases.
A phased rollout tied to the 2027 legal timeline
The roadmap is built around multiple stages rather than an immediate broad launch. According to the announcement, the first stage is linked to the legal changes set to take effect in February 2027, when amendments to South Korea’s securities framework are expected to open the door to wider tokenized issuance.
That first phase would focus on a narrower set of products and operating requirements before regulators consider expanding the model further. The FSC said later stages would depend on how the initial rollout performs and on the readiness of market participants and infrastructure.
The regulator also indicated that the ultimate direction of the policy is to support a broader shift in how securities are issued and managed, with tokenization treated as a market structure change rather than a standalone product experiment.
What the roadmap is expected to cover
Based on the FSC’s announcement, the early framework is expected to include conventional securities that can be brought onto distributed-ledger systems under defined rules, rather than a blanket tokenization of all asset types at once.
- More limited initial tokenized securities products
- Broader issuance and circulation for conventional securities in later phases
- Operational standards for market participants
- Possible future settlement changes as the framework matures
The FSC framed the roadmap as a policy direction for developing the market in stages, with the exact breadth of each phase still dependent on implementation and follow-up rulemaking.
For South Korea, the roadmap marks a formal step toward a more structured tokenized securities market, but the practical scope will still depend on how the legal and technical pieces are put in place over time.






