Gate News message, April 23 — South Korea’s Korea Exchange (KRX) announced on April 23 that it is constructing a domestic tokenized securities (STO) platform and working to establish a new securities market to support the initiative.
According to KRX Chairman Jung Eun-bo, the exchange is conducting listing consultations with issuers for launching the new market segment on the main board. For the over-the-counter (OTC) exchange, KRX obtained preliminary authorization for fractional investment OTC trading in February and is preparing all related matters accordingly.
The move aligns with global tokenization trends reshaping capital markets. BlackRock is leading on-chain institutional trading, Robinhood and Telegram now enable retail investors to trade tokenized U.S. stocks, and the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s proposal for stock tokenization trading, making 24/7 tokenized stock trading a reality. KRX stated it will take a leading role in positioning South Korea’s STO market as a token finance hub.
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