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Brokerage Firms Ramp Up Efforts to Introduce Security Tokens

Brokerage Firms Ramp Up Efforts to Introduce Security Tokens

SEOUL, Feb. 7 (Korea Bizwire) — After the government announced that it would allow security token offerings, South Korean brokerages are doubling down on efforts to launch related services. Shinhan Securities Co., for instance, announced on Monday that it will set up a security token offering (STO) alliance. An STO alliance is an organization that [...]

Financial Regulator Approves Issuance and Distribution of Security Tokens

Financial Regulator Approves Issuance and Distribution of Security Tokens

SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s financial regulator said Thursday it will open an institutional market to enable the trading of blockchain-based security tokens. The Financial Services Commission (FSC) announced that it deliberated on its regulation innovation agenda for the capital market. Security tokens, in general, are the issuance of securitized rights in [...]