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Seoul Exchange Prepares for Unlisted-Share Token Trading Under Korea's 2027 Framework
Seoul Exchange says it is pursuing an OTC brokerage license and preparing tokenized unlisted-share trading for Korea's first-stage framework in February 2027.
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Seoul Exchange said on October 8 that it is preparing to support tokenized trading in unlisted shares as South Korea approaches the first stage of its token-securities framework. The company is still working through the authorization process for an over-the-counter brokerage, so this is a launch plan rather than a live trading service.
Regulatory context
The Financial Services Commission’s September policy roadmap places trust-based tokenization of unlisted shares in the first phase scheduled for February 2027. Under the proposed hybrid structure, existing electronic-securities infrastructure would continue to manage share rights while a token-securities ledger records the trust-beneficiary interest.
The regulator also said it does not plan a separate license solely for token securities. Securities firms and OTC markets may handle them only within the scope of their existing authorization, with OTC venues expected to consult the Financial Supervisory Service before adding token-securities support. Seoul Exchange says it intends to complete its licensing work and prepare distribution infrastructure with securities firms in time for the framework.
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Key takeaways
- //Seoul Exchange is preparing the service, but its OTC brokerage authorization remains in progress.
- //Korea's first-stage framework includes trust-based tokenization of unlisted shares from February 2027.
- //The Financial Services Commission says existing licensed intermediaries may handle token securities within their authorized business scope.
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