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Search results for Token securities

Crypto

Dollar stablecoin market tops 400 trillion won as Korea faces double bind on won stablecoin

The global stablecoin market has grown to about 400 trillion won, with dollar-backed tokens dominating and strengthening their position in payments and remittances. In South Korea, debate over issuers, reserve asset management and redemption is slowing progress on the Digital Asset Basic Act. Industry participants say allowing won stablecoin issuance is not enough and that viable payment use cases, liquidity, distribution channels and supporting infrastructure must be built alongside regulation.

Crypto

Meritz Securities to review global distribution of tokenised financial assets with Optimism

Meritz Securities will work with the Optimism Foundation, which operates Ethereum layer2 network OP Mainnet, to review the issuance, settlement and distribution structure for tokenised financial assets. The company said it signed a memorandum of understanding for business cooperation. It plans to examine ways to tokenise domestic financial assets and distribute them to global investors through a public blockchain ecosystem, while considering global trends and the status of domestic token securities rules.

Finance

Financial sector hacking spreads, delays gain support for digital asset tax postponement

A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.