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Tokenized deposits· Regulation & supervision

Korea’s FSC proposes rules to let stocks, bonds and funds be issued and traded as tokenized securities from 4 February 2027

South Korea’s Financial Services Commission on 1 October 2026 proposed revisions to subordinate regulations under the FSCMA and the Electronic Registration Act to implement the tokenization of securities issuance and circulation from February 4, 2027, with a comment period from October 2 to November 11, 2026.

Cover: generative artwork from topic and jurisdiction.Primary source: Financial Services Commission (Korea) (fsc.go.kr)
cryptobanking.news Editorial · AI-assisted, source-verifiedT1RegulatorAPAC

Key takeawaysFact

  1. 1South Korea’s Financial Services Commission on 1 October 2026 proposed revisions to subordinate regulations under the FSCMA and the Electronic Registration Act to implement the tokenization of securities issuance and circulation from February 4, 2027, with a comment period from October 2 to November 11, 2026.
  2. 2Tokenized forms will cover stocks, bonds and funds as well as fractional investment securities; distributed ledgers must be shared across two or more account management entities alongside the Korea Securities Depository, and charging a fee directly for ledger use will be prohibited.
  3. 3Issuer account management entities will need minimum equity capital of KRW4 billion, an OTC exchange licensing unit for debt securities will be added, and retail investors will be limited to an annual net purchase of KRW100 million on each OTC exchange.
  • Tokenized deposits
  • Regulation

Executive summaryFact

South Korea’s Financial Services Commission on 1 October 2026 proposed revisions to subordinate regulations under the FSCMA and the Electronic Registration Act to implement the tokenization of securities issuance and circulation from February 4, 2027, with a comment period from October 2 to November 11, 2026. Tokenized forms will cover stocks, bonds and funds as well as fractional investment securities; distributed ledgers must be shared across two or more account management entities alongside the Korea Securities Depository, and charging a fee directly for ledger use will be prohibited. Issuer account management entities will need minimum equity capital of KRW4 billion, an OTC exchange licensing unit for debt securities will be added, and retail investors will be limited to an annual net purchase of KRW100 million on each OTC exchange.

Primary source: Financial Services Commission (Korea) ↗

The types of securities allowed to be issued and circulated in a tokenized form will include traditional securities types, such as stocks, bonds, and funds, along with fractional investment securities in the form of non-monetary trust beneficiary certificates and investment contract securities.

— Financial Services Commission (Korea), verbatimString-matched against the live page 2026-10-31

Key factsFact

Event
Consultation
Jurisdiction
APAC
Source
Financial Services Commission (Korea)
Source tier
Tier 1 · Regulator / central bank

Who is affectedFact

Issuers of tokenized securities, account management entities including issuer account management entities, the Korea Securities Depository, OTC exchanges and retail investors in South Korea.

Key datesFact

  • FSC proposes subordinate-rule revisions for tokenized securities
  • Comment period closes
  • Revised FSCMA and Electronic Registration Act tokenization rules take effect

On the regulatory timeline

More from the sourceFact

“To ensure credibility and continuity, distributed ledgers need to be shared across two or more account management entities (including “issuer account management entities”) alongside the electronic registration entity (Korea Securities Depository).”

“In addition, considering the public nature of distributed ledgers and the need to prevent disruptions in the confirmation of securities rights, it will be prohibited to directly charge a fee in return for the use of distributed ledgers.”

“To ensure investor protection, the maximum investment limit for retail investors will be set at an annual net purchase amount of KRW100 million on each OTC exchange.”

Verbatim from Financial Services Commission (Korea)✓ string-matched against the live page 2026-10-31

Why it matters for banksAnalysis

Institutions acting as account management entities in Korea will have to run shared distributed ledgers with the Korea Securities Depository without charging directly for ledger use, a design constraint to weigh before building tokenized-securities issuance or custody for the 4 February 2027 start.

Editorial analysis based on the facts above and the sources below; not legal or investment advice.

What remains uncertain

  • The subordinate-rule revisions are proposals; they still go through a successive approval process after the comment period.

Sources and evidence

Evidence types: how we classify sources.

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-31 16:49 UTC
Archived snapshot
SHA-256 d47b546e75fa8507… · fetched 2026-10-30
Change log (7)
  1. 2026-10-31 Verify run + data (2026-10-31 afternoon deploy): verifiedAt refresh on all items, verify snapshots, tracker source verifiedAt, history snapshot 2026-10-31, metr (59ae13f)
  2. 2026-10-31 Verify run + data (2026-10-31 morning deploy): verifiedAt refresh on all items (supersedes the uncommitted verifiedAt-only edits left by the failed 30 Oct night (41e27a5)
  3. 2026-10-30 Verify run + data (2026-10-30 evening deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, W44 weekly refresh, gene (9a19611)
  4. 2026-10-30 Verify run + data (2026-10-30 afternoon deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, W44 weekly refresh, ge (65f7ccc)
  5. 2026-10-30 Verify run + data (2026-10-30 audio deploy): verifiedAt refresh, verify snapshots, history snapshot 2026-10-30, metrics, stablecoins, monthly report PDF (3e7b364)
  6. 2026-10-30 Verify run + data (2026-10-30 morning deploy): verifiedAt refresh, verify snapshots, evidence for ECB Cipollone T+1/Pontes and Korea FSC items, history snapshot (fe010e8)
  7. 2026-10-30 Newsroom 2026-10-30 morning: ECB's Cipollone says Pontes will extend operating hours by mid-2027 and move to 24/7/365 in 2028, immediate settlement finality as (5c6dc32)

Full evidence record · How we label confidence

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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