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South Korea plans to launch a new type of securities market in mid-November, marking a key turning point for the STO market
The Korea Exchange (KRX) plans to launch a new type of securities market on November 16, where assets such as artworks, real estate, and music copyrights can be traded through securities accounts like stocks. It is reported that the Korea Exchange is currently advancing the construction of the relevant trading system and preparing market participants, and will conduct a 6-week simulation trading period from October 6 to November 13, with the official opening time potentially adjusted based on the approval progress of listed products by financial regulatory authorities.
After the market opens, investors can buy and sell through securities company accounts, with trading hours consistent with the stock market. Analysts believe that the securities token offering (STO) industry in the Korean market is at an important turning point. Although the new type of securities listed for trading in November will temporarily adopt traditional electronic securities methods for issuance and registration, tokenized securities based on blockchain distributed ledger issuance and management will gradually be implemented after the relevant laws are officially enforced in February 2027.
