According to Naver, South Korea's amendments to the *Electronic Securities Act* and *Capital Markets Act* were passed by the National Assembly's legislative subcommittee on November 24, marking the first hurdle cleared for STO (Security Token Offering) regulations. The countdown to the launch of the circulation market in the first half of next year has officially begun. The amendments incorporate blockchain distributed ledgers into the electronic registration system, legalize fractional investments, and allow small-scale OTC trading platforms. The KRX KDX Alliance, NXT Alliance, and SOYOU Alliance are competing for up to two platform licenses. If the bill passes the National Assembly plenary session next month, the tokenization of various physical assets such as real estate, artwork, and music copyrights will be fully integrated into the regulatory framework. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52371