South Korea to tokenize all securities in three stages from 2027

This is a landmark policy shift because it signals a sovereign commitment to move the entire securities lifecycle onto blockchain rails, not just pilot niche assets. The phased timeline suggests a deliberate, regulatory-driven rollout, which could set a template for other jurisdictions weighing similar moves. The mention of stablecoin settlement is the key detail—it implies a future where tokenized securities and digital cash interoperate natively, potentially reshaping post-trade infrastructure. What matters next is whether the phases stay on schedule and how the transition handles legacy systems and investor protections, as execution risks will define whether this becomes a blueprint or a cautionary tale.