The Korea Exchange, or KRX, plans to launch a new securities market on Nov. 16, opening stock account-style trading for assets such as artworks, real estate and music copyrights. According to ChainCatcher, those assets will be available for trading through securities accounts in the same way investors trade stocks. The exchange is now building the related trading system and preparing market participants ahead of the launch. It will also run a six-week mock trading period from Oct. 6 to Nov. 13. The final opening date may still change, depending on how financial regulators review and approve products set for listing. Once the market opens, investors will be able to buy and sell through brokerage accounts during the same trading hours used in the stock market. The report added that South Korea’s security token offering, or STO, sector is nearing a key turning point. Securities scheduled to begin trading in November will initially be issued and registered under the traditional electronic securities framework, while blockchain-based tokenized securities issued and managed on distributed ledgers are expected to roll out gradually after relevant legislation takes effect in February 2027.
The Korea Exchange (KRX) plans to launch a new securities market on Nov. 16, where assets including artworks, real estate and music copyrights will be tradable through securities accounts in the same way as stocks.
According to ChainCatcher, KRX is building the related trading system and preparing market participants for the launch. The exchange will run a six-week mock trading period from Oct. 6 to Nov. 13.
The official opening date may still be adjusted, depending on the progress of financial regulators’ approval of products set for listing. After the market opens, investors will be able to trade through brokerage accounts during the same hours as the stock market.
The report said South Korea’s security token offering, or STO, sector has reached an important turning point. The new securities scheduled for trading in November will initially be issued and registered using the traditional electronic securities framework. Tokenized securities based on blockchain distributed ledgers for issuance and management are expected to be introduced gradually after the relevant law formally takes effect in February 2027.
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