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South Korea Securities Depository Selects Avalanche for Tokenized Assets

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AVAXUSD$10.26 0.45%

South Korea's Korea Securities Depository has selected Avalanche (AVAX) as one of the core distributed ledger technologies for its national tokenized securities platform. The system will operate alongside Hyperledger Besu and Hyperledger Fabric. Transitioning from an initial testing phase into full production development, technology provider Samsung SDS has been awarded the contract to build a system designed for live trading and operational reliability.

The effort aligns with broader regulatory updates from South Korea's Financial Services Commission, which established a roadmap introducing legal recognition for tokenized financial assets on February 4, 2027. Following the deployment announcement, Avalanche was trading at $10.31, reflecting a 0.93% daily increase.

System construction is slated for completion in February 2027 to match the regulatory timeline. The initial phase will focus on institutional bonds, private money market funds, unlisted trust shares, and public fractional investments. Subsequent phases will broaden access to all public securities and integrate stablecoin settlement. Stakeholders have until November 11 to submit comments on the proposed implementing regulations.

Key points

  • Korea Securities Depository selected Avalanche as a supported ledger for its tokenized securities infrastructure.
  • Samsung SDS won the development contract for the live trading system, aiming for completion in February 2027.
  • South Korean regulatory rules recognizing tokenized securities are set to take effect on February 4, 2027.
  • Phase one covers private money market funds, institutional bonds, unlisted trust shares, and fractional investments.
  • The deadline for public feedback on implementing rules is November 11.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How is Avalanche being used in South Korea's tokenized securities market?

The Korea Securities Depository is using Avalanche as one of several supported ledger technologies for its national tokenized securities platform, designed to support live trading of digitized assets.

When will South Korea's tokenized securities platform be completed?

Samsung SDS is targeting February 2027 to complete the platform, aligning with revised financial regulations that take effect on February 4, 2027.

What assets will be included in the initial tokenized securities rollout?

The first phase will cover private money market funds, bonds for institutional investors, unlisted shares held in trust structures, and publicly offered fractional investment securities.