A single amendment has pulled "tokenized securities" out of the gray zone and into South Korea's existing financial regulatory framework. The amendment has already passed and will officially take effect this coming February, meaning on-chain securities in South Korea will no longer need a separate rulebook — they'll fall under the jurisdiction of the current financial system.
According to The Block, South Korean conglomerate Hanwha has already been developing a tokenized securities platform on the Avalanche blockchain. The report frames this move within the context of South Korea's regulatory framework gradually taking shape — in other words, Hanwha's timing lines up right before the new rules officially land.
For now, the publicly available details are limited to this: the amendment takes effect this coming February, the company building the platform is Hanwha, and the chain of choice is Avalanche. The report did not elaborate further on the platform's specific functions, asset types, or launch timeline.
