6.6 Banking 韩国将于2027年起分三阶段推进证券通证化，首阶段聚焦机构产品，后续扩展至公开发行，并最终实现基于稳定币的链上结算。
韩国公布了全面的三阶段证券市场通证化路线图，涵盖股票、债券和基金，将自2027年2月修订后的证券法生效时启动。第一阶段主要面向机构投资者，涉及私募货币市场基金、私募公司债券、未上市股票及份额投资产品，其中未上市股票将通过信托结构进行通证化。 若进展顺利，第二阶段将通证化范围扩展至所有公开发行证券。最终阶段目标是建立链上结算基础设施，实现基于稳定币的通证化资产支付，前提是相关稳定币立法通过。 现有持牌金融机构可处理通证化证券，无需新牌照；自主管理账户的发行方需满足股本和网络安全要求。散户投资者将设有申购和购买上限。该计划借鉴国际经验，推动行业合作，助力韩国成为数字资产采用的领跑者。
South Korea Moves National Capital Markets Onto Avalanche
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