Three phases, one endgame — South Korea plans to bring "all types" of securities into the scope of tokenization in stages starting from 2027. That's the only timeline made public so far; there's no further detail available on which assets each phase will cover or how the rollout order will be determined.
What's really worth paying attention to isn't the tokenization itself, but the endgame this plan is aiming for: letting participants settle tokenized securities on-chain using stablecoins. In other words, South Korea isn't just planning to put securities on-chain — it also intends to overhaul the settlement side of transactions to run through a stablecoin pathway, replacing the current cash settlement process.
The information made public so far only covers this broad direction. Details on the regulatory authorities involved, the specific timeline, and which types of stablecoins will be eligible have yet to be disclosed.
