Koscom said on Tuesday it carried out an organisational restructuring to respond to changes in the capital markets environment and secure future growth drivers. The company expanded its Digital Business Division into a Digital Asset Business Division to build infrastructure covering issuance, distribution and settlement. It also upgraded a digital asset task force into a formal department, set up a new service department, and launched task forces for extended trading development and KDX platform work.

South Korea\'s Financial Services Commission selected the Korea Exchange-Koscom KDX consortium and the NextTrade-Musicow NXT consortium as preliminary license candidates to open a pilot over-the-counter exchange for tokenised securities. The FSC granted NXT conditional approval, saying it would halt the full licensing review if the Fair Trade Commission opens an administrative probe into technology theft allegations raised by Lucentblock. Lucentblock was dropped after receiving a lower evaluation score.