South Korea’s Financial Services Commission has set a three-phase roadmap for tokenized securities infrastructure covering stocks, bonds, and funds. Beginning Feb. 4, 2027, tokenized securities will be legally recognized as digitized forms of securities under an updated Act on Electronic Registration of Stocks and Bonds, alongside the first full implementation of the amended Capital Markets Act and Electronic Securities Act. Phase 1 covers legal recognition for institutional money market funds, bonds, unlisted stocks, and fractional investment securities. Phase 2 would extend tokenization to all publicly offered securities. Phase 3 targets onchain payments linked to stablecoins. The FSC plans to propose subordinate rule revisions by the end of September and later finalize the timing for phases 2 and 3. Before rollout, it will work with the Korea Securities Depository to build the necessary infrastructure. South Korea has been steadily advancing tokenized asset regulation, including a separate pilot for tokenized deposits in government spending.