KRX targets November 16 for a new securities market
The Korea Exchange (KRX) plans to launch a new securities market on November 16. Once it opens, assets including art, real estate and music copyrights will be tradable through securities accounts in the same way as stocks.
After the market opens, investors will be able to buy and sell through brokerage accounts, and trading hours will match those of the stock market.
Six weeks of mock trading are set before launch
KRX is still building the related trading system and preparing market participants. The exchange will also run a six-week mock trading period from October 6 to November 13.
The official launch date may be adjusted depending on the pace of regulatory approval for listed products.
STO market approaches a key turning point
Analysts say South Korea’s securities token offering (STO) industry is now at an important turning point. For the November listing, however, the new securities will initially be issued and registered using the traditional electronic securities framework.
Tokenized securities issued and managed on a blockchain distributed ledger are expected to roll out gradually only after the relevant laws take full effect in February 2027.
Source: TheDailyEconomy