Seoul Exchange: "We Will Enable Trading in Token Securities Backed by Unlisted Stocks Next February"

Fintech startup Seoul Exchange is moving to establish infrastructure for trading token securities (STOs) backed by unlisted stocks.

Seoul Exchange said on October 8 that it would expedite the authorization process for its off-exchange trading intermediary business and prepare to facilitate trading in token securities backed by unlisted stocks.

Under the proposed amendments to the Enforcement Decree of the Capital Markets Act, equity securities eligible for off-exchange trading may be entrusted to the Korea Securities Depository or a trust business operator to issue beneficiary certificates, which may then be traded off-exchange in place of the equity securities. In particular, beneficiary certificates issued after unlisted stocks are entrusted to a trust business operator or another entity qualify as equity securities. This means token securities backed by unlisted stocks may be handled only by existing off-exchange trading intermediaries for unlisted stocks, such as Seoul Exchange, even when issued as beneficiary certificates.

Seoul Exchange is pursuing authorization for its off-exchange trading intermediary business. It plans to promptly address the areas for improvement identified in a recent assessment, complete the authorization process, and launch the circulation of token securities backed by unlisted stocks as soon as possible.

A Seoul Exchange official said, "As the authorization process has recently moved forward, we will swiftly address the areas for improvement that were identified and complete the process." The official added, "We will make thorough preparations so that investors can trade token securities, including real-world asset (RWA) tokenized securities, in February 2027, in line with the implementation of the system."

This content was produced with the assistance of AI translation services.