According to Digitalasset, the South Korean Financial Services Commission (FSC) announced plans to reference pilot projects from the New York Stock Exchange and Nasdaq to validate and test a tokenization model for listed stocks, centered around the Korea Exchange (KRX). At the same time, they aim to promote the tokenization of unlisted stocks through a trust-based approach. In the first phase of the roadmap, set to align with the implementation of the "Security Token Act" in February 2027, tokenization targets will include private money market funds, private bonds, and unlisted stocks. Later, the scope will expand to public offerings for general investors. Once stablecoin legislation is in place, the plan is to enable on-chain settlement where both securities and settlement funds operate on the blockchain. https://(wublock123.com)/news/south-korea-fsc-led-listed-stock-tokenization-pilot-korex-67808