DigitalX reports 5.3x growth in tokenized stocks, urges South Korea to update regulations

DigitalX, Mirae Asset’s digital-asset investment platform, reported that South Korea needs to revise its regulatory framework for tokenized stocks as overseas trading of tokenized shares from South Korean companies, including SK Hynix, is increasing. As of October 23, the value of tokenized stocks on blockchains reached 3.58 billion dollars, a 5.3 times increase since the beginning of the year. The report noted that while regulatory measures are being developed in South Korea, tokenized stocks issued abroad are not currently regulated. It warned that without the necessary infrastructure for domestic issuance of tokenized stocks, trading could predominantly occur outside the reach of South Korean regulations.

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