South Korea’s financial technology and payment sectors are moving quickly to prepare for the country’s new blockchain-based securities framework, with two major initiatives announced on Oct. 13 highlighting tokenized securities infrastructure and cross-border stablecoin experiments.
Koscom said it will showcase its shared tokenized securities platform at Korea Fintech Week 2026, scheduled for Nov. 25–27 at the aT Center in Yangjae, Seoul. The event is organized by the Financial Services Commission. Koscom’s platform supports securities issuance, account management, and connections between related financial systems. The company has signed memorandums of understanding with 13 securities firms and completed joint development on issuance infrastructure with LG CNS, followed by testing through the Korea Securities Depository’s token securities volume management testbed.
The demonstrations come ahead of South Korea’s new tokenized securities framework, set to take effect on Feb. 4, 2027. The Financial Services Commission recently proposed amendments covering stocks, bonds, funds, and fractional investment products, with public consultation running from Oct. 2 through Nov. 11.
Several Korean securities firms are building their own platforms. Hanwha Investment & Securities completed a tokenized securities platform supporting Avalanche and Hyperledger Besu. KB Securities is working with Securitize and the Optimism Foundation on tokenized funds for institutional investors, beginning with a proposed money market fund on OP Mainnet. Eugene Investment & Securities signed an agreement with BEATOZ to test stablecoin settlement for tokenized securities subscriptions. Meritz Securities partnered with Ripple to explore institutional digital asset custody and tokenization infrastructure. LG CNS also signed a separate agreement with Securitize in October covering tokenization technology and institutional digital asset services.
Beyond tokenized securities, Koscom will present its K-EFS AI stock prediction score service developed with LG AI Research, and offer consultations on financial cloud support programs for fintech companies.
In a separate cross-border initiative, KB Kookmin Card and Japan’s SBI Holdings announced a four-party memorandum of understanding with cybersecurity firm Everspin and their joint venture SBI Everspin. The partners will test AI agent identity verification and explore stablecoin payments for Japanese tourists visiting South Korea. A proposed service would let Japanese travelers use digital assets, including stablecoins, for purchases, with the companies studying settlements, cancellations, and refunds through existing financial systems. KB Kookmin Card will evaluate whether its KB Pay platform can support AI agents making payments within predetermined spending limits after verifying user consent.
The partnership is anchored by KYA Trust Gateway, a security platform designed to establish the identity and permissions of AI agents. SBI Everspin conceived the technology and is developing it with Everspin. No commercial launch date or specific stablecoin has been announced. An SBI Holdings representative said the group would combine its financial services experience with the participants’ AI and security technologies, while KB Kookmin Card said the companies would work to provide customers in South Korea and Japan with secure cross-border digital payment experiences.
The agreement follows another SBI Group stablecoin test announced Oct. 1, when SBI DigiTrust said it would work with NICE Information & Telecommunication and DSRV on QR code-based stablecoin payments for Japanese tourists at South Korean merchants, with completion expected by the end of December 2026.
