South Korea Commits to Blockchain Securities Registry by February 2027: Stablecoins Next

South Korea’s Financial Services Commission committed on September 4, 2026 to moving the country’s capital-market “stack” onto distributed ledger technology by February 2027. The plan, announced at the Korea Securities Depository headquarters in Seoul, aims to put mainstream stocks, bonds, and funds onto blockchain infrastructure, with on-chain stablecoin settlement positioned as the system’s end goal—subject to stalled legislation in the National Assembly that has been frozen for nearly a year. Phase One begins February 4, 2027 after amendments to the Act on Electronic Registration of Stocks and Bonds take effect, granting legal recognition to blockchain-based distributed ledgers as valid securities registries. It covers privately placed institutional money market funds and corporate bonds, plus tokenization of unlisted equity via a trust structure.